Former state school employee Dickey paid in $104K to teachers' pension fund, could collect $2.09M in retirement

By Rock Island Today Reports

Apr 1, 2016

Former state school employee Elizabeth Dickey, who retired in March 2016, saved $103,529 toward a pension over 23 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Dickey would collect as much as $2.09 million, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Dickey received $43,830 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Dickey will have already received $135,474 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Rock Island-Milan School District 41 Board

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