Former state school employee Marks paid in $167K to teachers' pension fund, could collect $4.03M in retirement

By Local Labs News Service

Jul 1, 2017

Former state school employee Sandi Marks, who retired in June 2017, saved $166,948 toward a pension over 41 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Marks would collect as much as $4.03 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Marks received $84,637 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Marks will have already received $171,813 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Park Ridge Consolidated Community School District 64 Board

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