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Tuesday, November 5, 2024

Here are the 3 former employees of Mechanicsburg Township receiving the highest annual pension payouts

Money 01

Here are the 3 former employees of Mechanicsburg Township receiving the highest annual pension payouts, according to 2015 Illinois Municipal Retirement Fund (IMRF) records:

Name
Total saved over career
Projected Total Collections
Year Retired
Years Retired
Total Collected (Retirement through 2016)
2016 Pension
Original Benefit
Hughes, John T.
$31,942
$1,245,134
2005
11
$272,135
$25,910
$19,817
Simpson, Phillip W.
$15,010
$498,927
2014
2
$23,468
$7,996
$7,707
Ross, Joseph E.
$7,609
$117,146
2009
7
$15,891
$2,174
$1,816

Projected total collections assume 36 years of retirement.

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