Former state school employee Carlson paid in $2K to teachers' pension fund, could collect $74K in retirement

By Rock Island Today Reports

Jun 1, 2016

Former state school employee Patricia Carlson, who retired in May 2016, saved $2,229 toward a pension over 1 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Carlson would collect as much as $73,538, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Carlson received $1,545 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Carlson will have already received $3,136 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 School District 40

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