Former state school employee Widdop paid in $31K to teachers' pension fund, could collect $674K in retirement

By Rock Island Today Reports

Oct 1, 2016

Former state school employee Constance Widdop, who retired in September 2016, saved $31,312 toward a pension over 15 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Widdop would collect as much as $673,753, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Widdop received $14,161 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Widdop will have already received $43,771 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

Rockridge Community Unit School District 300 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