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Thursday, November 14, 2024

Here are the 3 former employees of the Village of Port Byron receiving the highest annual pension payouts

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Here are the 3 former employees of the Village of Port Byron receiving the highest annual pension payouts, according to 2015 Illinois Municipal Retirement Fund (IMRF) records:

Name
Total saved over career
Projected Total Collections
Year Retired
Years Retired
Total Collected (Retirement through 2016)
2016 Pension
Original Benefit
Schumacher, Mark A.
$15,857
$905,543
2006
10
$178,221
$18,316
$14,117
Rathburn, Steven L.
$17,045
$721,712
2007
9
$126,796
$14,188
$11,261
Foster, Susan K.
$3,566
$577,732
1998
18
$242,942
$13,882
$9,073

Projected total collections assume 36 years of retirement.

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