Former state school employee Manninen paid in $128K to teachers' pension fund, could collect $2.61M in retirement

By Local Labs News Service

Jun 1, 2018

Former state school employee Deborah Manninen, who retired in May 2018, saved $128,301 toward a pension over 37 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Manninen would collect as much as $2.61 million, according to a projection by Local Government Information Services (LGIS), which publishes NW Illinois News.

The projection assumes Manninen received $54,837 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Manninen will have already received $169,495 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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West Carroll Community Unit School District 314 Board

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