Former state school employee Acton paid in $19K to teachers' pension fund, could collect $415K in retirement

By Local Labs News Service

Jun 1, 2016

Former state school employee Julie Acton, who retired in May 2016, saved $18,819 toward a pension over 8 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Acton would collect as much as $415,299, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Acton received $8,729 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Acton will have already received $26,981 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Hoopeston Area Community Unit School District 11 Board

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