Former state school employee Engeman paid in $92K to teachers' pension fund, could collect $1.26M in retirement

By Local Labs News Service

Jun 1, 2018

Former state school employee Ann Engeman, who retired in May 2018, saved $91,592 toward a pension over 25 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Engeman would collect as much as $1.26 million, according to a projection by Local Government Information Services (LGIS), which publishes NW Illinois News.

The projection assumes Engeman received $26,583 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Engeman will have already received $111,211 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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River Bend Community Unit District 2

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