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Former state school employee Carius paid in $172K to teachers' pension fund, could collect $2.53M in retirement

Schools

By Rock Island Today Reports | Aug 1, 2018

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Former state school employee Siri Carius, who retired in July 2018, saved $172,478 toward a pension over 33 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Carius would collect as much as $2.53 million, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Carius received $53,216 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Carius will have already received $222,634 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Moline Coal Valley Community Unit School District 40

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