Former state school employee Lingner paid in $128K to teachers' pension fund, could collect $3.06M in retirement

By Rock Island Today Reports

Jul 1, 2018

Former state school employee Deborah Lingner, who retired in June 2018, saved $127,640 toward a pension over 27 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Lingner would collect as much as $3.06 million, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Lingner received $64,357 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Lingner will have already received $130,645 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

Rock Island-Milan School District 41 Board

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.

Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.

Donate