Quantcast

Sangamon Sun

Thursday, November 7, 2024

Former state school employee Dorr paid in $161K to teachers' pension fund, could collect $3.1M in retirement

Money836

Former state school employee Debra Dorr, who retired in May 2018, saved $160,864 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Dorr would collect as much as $3.1 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Dorr received $65,253 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Dorr will have already received $201,691 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS