Former state school employee Youngblood paid in $167K to teachers' pension fund, could collect $3.52M in retirement

By Rock Island Today Reports

Jun 1, 2016

Former state school employee Deborah Youngblood, who retired in May 2016, saved $167,384 toward a pension over 34 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Youngblood would collect as much as $3.52 million, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Youngblood received $74,057 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Youngblood will have already received $228,903 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Moline Coal Valley Community Unit School District 40

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