Former state school employee Brooks paid in $113K to teachers' pension fund, could collect $2.04M in retirement

By Rock Island Today Reports

Jun 1, 2016

Former state school employee Karen Brooks, who retired in May 2016, saved $112,926 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Brooks would collect as much as $2.04 million, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Brooks received $42,910 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Brooks will have already received $132,630 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Annawan Community Unit School District 226

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