Former state school employee Anderson paid in $176K to teachers' pension fund, could collect $3.68M in retirement

By Local Labs News Service

Jul 1, 2018

Former state school employee Cynthia Anderson, who retired in June 2018, saved $176,229 toward a pension over 26 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Anderson would collect as much as $3.68 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Anderson received $77,415 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Anderson will have already received $239,281 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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West Aurora School District 129

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