Former state school employee Hull paid in $145K to teachers' pension fund, could collect $3M in retirement

By Rock Island Today Reports

Jul 1, 2017

Former state school employee Elneta Hull, who retired in June 2017, saved $145,002 toward a pension over 30 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Hull would collect as much as $3 million, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Hull received $63,014 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hull will have already received $194,769 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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