Former state school employee Ruch paid in $59K to teachers' pension fund, could collect $1.04M in retirement

By Local Labs News Service

Sep 1, 2017

Former state school employee Amy Ruch, who retired in August 2017, saved $58,894 toward a pension over 16 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Ruch would collect as much as $1.04 million, according to a projection by Local Government Information Services (LGIS), which publishes NW Illinois News.

The projection assumes Ruch received $21,859 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Ruch will have already received $67,564 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Eastland Community Unit School District 308

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