Former state school employee Beierle paid in $21K to teachers' pension fund, could collect $260K in retirement

By Local Labs News Service

Jul 1, 2017

Former state school employee Colleen Beierle, who retired in June 2017, saved $20,652 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, Beierle would collect as much as $259,978, according to a projection by Local Government Information Services (LGIS), which publishes NW Illinois News.

The projection assumes Beierle received $5,464 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Beierle will have already received $22,860 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Oregon Community Unit School District 220

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