Former state school employee Bastien paid in $42K to teachers' pension fund, could collect $567K in retirement

By Rock Island Today Reports

Apr 1, 2017

Former state school employee Valerie Bastien, who retired in March 2017, saved $41,876 toward a pension over 10 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Bastien would collect as much as $566,737, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Bastien received $11,912 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Bastien will have already received $49,834 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Illinois State Board Of Education

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