Former state school employee Eckstein paid in $101K to teachers' pension fund, could collect $1.88M in retirement

By Local Labs News Service

Jul 1, 2016

Former state school employee Lynn Eckstein, who retired in June 2016, saved $100,864 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, Eckstein would collect as much as $1.88 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Eckstein received $39,592 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Eckstein will have already received $122,375 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Champaign Community Unit School District 4

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