Former state school employee Boelens paid in $28K to teachers' pension fund, could collect $480K in retirement

By Rock Island Today Reports

Apr 1, 2017

Former state school employee Jacqueline Boelens, who retired in March 2017, saved $27,855 toward a pension over 11 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Boelens would collect as much as $480,176, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Boelens received $10,092 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Boelens will have already received $31,194 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

Wethersfield Community Unit School District 230

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.

Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.

Donate