Former state school employee Breidenstein paid in $79K to teachers' pension fund, could collect $1.31M in retirement

By Rock Island Today Reports

Jun 1, 2016

Former state school employee Ann Breidenstein, who retired in May 2016, saved $78,632 toward a pension over 18 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Breidenstein would collect as much as $1.31 million, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Breidenstein received $27,451 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Breidenstein will have already received $84,849 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

East Moline School District 37 Board

!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