Former state school employee Herges paid in $10K to teachers' pension fund, could collect $598K in retirement

By Rock Island Today Reports

Mar 1, 2017

Former state school employee Patricia Herges, who retired in February 2017, saved $10,104 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, Herges would collect as much as $598,125, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Herges received $12,572 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Herges will have already received $12,572 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Cambridge Community Unit School District 227 Board

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