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Chambana Sun

Monday, November 25, 2024

Former state school employee Dalida Wilson paid in $125K to teachers' pension fund, could collect $3.7M in retirement

Money 06

Former state school employee Joann Dalida Wilson, who retired in June 2016, saved $125,119 toward a pension over 42 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Dalida Wilson would collect as much as $3.7 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Dalida Wilson received $77,848 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Dalida Wilson will have already received $158,031 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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