Former state school employee Ryan paid in $18K to teachers' pension fund, could collect $236K in retirement

By Local Labs News Service

Dec 1, 2016

Former state school employee Deborah Ryan, who retired in November 2016, saved $17,986 toward a pension over 5 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Ryan would collect as much as $236,052, according to a projection by Local Government Information Services (LGIS), which publishes NW Illinois News.

The projection assumes Ryan received $4,961 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Ryan will have already received $20,755 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Freeport School District 145 Board

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