Former state school employee Comella paid in $188K to teachers' pension fund, could collect $4.1M in retirement

By Rock Island Today Reports

Jun 1, 2016

Former state school employee Charles Comella, who retired in May 2016, saved $188,001 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, Comella would collect as much as $4.1 million, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Comella received $86,222 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Comella will have already received $266,504 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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