Former state school employee Janssen paid in $50K to teachers' pension fund, could collect $947K in retirement

By Local Labs News Service

Oct 1, 2018

Former state school employee Deana Janssen, who retired in September 2018, saved $50,461 toward a pension over 17 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Janssen would collect as much as $947,336, according to a projection by Local Government Information Services (LGIS), which publishes NW Illinois News.

The projection assumes Janssen received $19,912 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Janssen will have already received $61,545 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

Pearl City Community Unit School District 200

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.

Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.

Donate