Former state school employee Cary paid in $31K to teachers' pension fund, could collect $437K in retirement

By Rock Island Today Reports

Jun 1, 2017

Former state school employee Deborah Cary, who retired in May 2017, saved $31,251 toward a pension over 10 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Cary would collect as much as $436,833, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Cary received $9,181 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Cary will have already received $38,409 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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East Moline School District 37 Board

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