Former state school employee Tisue paid in $91K to teachers' pension fund, could collect $1.6M in retirement

By Rock Island Today Reports

Jun 1, 2016

Former state school employee Mary Tisue, who retired in May 2016, saved $91,047 toward a pension over 24 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Tisue would collect as much as $1.6 million, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Tisue received $33,734 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Tisue will have already received $104,268 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

Sherrard Community Unit School District 200 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