Former state school employee Norin paid in $58K to teachers' pension fund, could collect $876K in retirement

By Rock Island Today Reports

Jul 1, 2017

Former state school employee Terri Norin, who retired in June 2017, saved $57,509 toward a pension over 14 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Norin would collect as much as $876,470, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Norin received $18,422 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Norin will have already received $77,071 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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East Moline School District 37 Board

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