Former state school employee Williams paid in $32K to teachers' pension fund, could collect $518K in retirement

By Rock Island Today Reports

Jun 1, 2016

Former state school employee Linda Williams, who retired in May 2016, saved $31,550 toward a pension over 20 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Williams would collect as much as $518,216, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Williams received $10,892 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Williams will have already received $33,667 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Orion Community Unit School District 223

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