Sangamon Sun

Sangamon Sun

Monday, February 17, 2020

Former state school employee Trueblood paid in $27K to teachers' pension fund, could collect $341K in retirement


By Local Labs News Service | Oct 1, 2018


Former state school employee Deborah Trueblood, who retired in September 2018, saved $27,406 toward a pension over 4 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Trueblood would collect as much as $341,492, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Trueblood received $7,177 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Trueblood will have already received $30,025 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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