Quantcast

Chambana Sun

Thursday, April 18, 2024

Former state school employee Battles paid in $128K to teachers' pension fund, could collect $2.15M in retirement

Money 01

Former state school employee Sharon Battles, who retired in March 2017, saved $128,163 toward a pension over 23 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Battles would collect as much as $2.15 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Battles received $45,193 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Battles will have already received $139,687 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