Former state school employee Fornander paid in $110K to teachers' pension fund, could collect $2.41M in retirement

By Rock Island Today Reports

Jul 1, 2017

Former state school employee Robert Fornander, who retired in June 2017, saved $109,847 toward a pension over 28 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Fornander would collect as much as $2.41 million, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Fornander received $50,666 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Fornander will have already received $156,604 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Alwood Community Unit School District 225

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