Former state school employee Davis paid in $155K to teachers' pension fund, could collect $3.55M in retirement

By Local Labs News Service

Jul 1, 2018

Former state school employee Sandra Davis, who retired in June 2018, saved $155,160 toward a pension over 39 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Davis would collect as much as $3.55 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Davis received $74,695 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Davis will have already received $230,875 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Rantoul Township High School District 193

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