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Sangamon Sun

Thursday, April 18, 2024

Former state school employee Bourey Meyer paid in $159K to teachers' pension fund, could collect $2.96M in retirement

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Former state school employee Jacqueline Bourey Meyer, who retired in June 2018, saved $159,065 toward a pension over 33 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Bourey Meyer would collect as much as $2.96 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Bourey Meyer received $62,113 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Bourey Meyer will have already received $191,984 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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