Former state school employee Bull paid in $146K to teachers' pension fund, could collect $2.69M in retirement

By Local Labs News Service

Jul 1, 2018

Former state school employee Thomas Bull, who retired in June 2018, saved $146,128 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Bull would collect as much as $2.69 million, according to a projection by Local Government Information Services (LGIS), which publishes NW Illinois News.

The projection assumes Bull received $56,535 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Bull will have already received $174,744 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Pearl City Community Unit School District 200

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