Former state school employee Finn paid in $130K to teachers' pension fund, could collect $3.11M in retirement

By Rock Island Today Reports

Jul 1, 2016

Former state school employee Jill Finn, who retired in June 2016, saved $130,379 toward a pension over 29 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Finn would collect as much as $3.11 million, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Finn received $65,324 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Finn will have already received $132,608 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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United Township High School District 30 Board

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