Sangamon Sun

Sangamon Sun

Sunday, October 20, 2019

Former state school employee Dahmane paid in $81K to teachers' pension fund, could collect $1.42M in retirement


By Local Labs News Service | Jul 1, 2016

Former state school employee Jackie Dahmane, who retired in June 2016, saved $81,059 toward a pension over 19 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Dahmane would collect as much as $1.42 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Dahmane received $29,789 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Dahmane will have already received $92,075 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

Want to get notified whenever we write about Springfield School District 186 ?

Sign-up Next time we write about Springfield School District 186, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Springfield School District 186

More News