Sangamon Sun

Sangamon Sun

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

Schools

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.

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