Former state school employee O'Brien paid in $22K to teachers' pension fund, could collect $897K in retirement

By Local Labs News Service

Jun 1, 2018

Former state school employee Julie O'Brien, who retired in May 2018, saved $21,834 toward a pension over 14 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, O'Brien would collect as much as $896,954, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes O'Brien received $18,853 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, O'Brien will have already received $38,272 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Sangamon Area Special Education District

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