Former state school employee Mayer Morris paid in $20K to teachers' pension fund, could collect $266K in retirement

By Local Labs News Service

Feb 1, 2016

Former state school employee Victoria Mayer Morris, who retired in January 2016, saved $19,965 toward a pension over 4 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Mayer Morris would collect as much as $265,516, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Mayer Morris received $5,580 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Mayer Morris will have already received $23,343 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Fisher Community Unit School District 1

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