Quantcast

North Egypt News

Wednesday, December 25, 2024

Former state school employee Whisler paid in $4K to teachers' pension fund, could collect $1.13M in retirement

Shutterstock 385535740

Former state school employee Holly Whisler, who retired in October 2017, saved $4,023 toward a pension over 3 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Whisler would collect as much as $1.13 million, according to a projection by Local Government Information Services (LGIS), which publishes North Egypt News.

The projection assumes Whisler received $23,661 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Whisler will have already received $23,661 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