Former state school employee Stuckemeyer paid in $41K to teachers' pension fund, could collect $462K in retirement

By Local Labs News Service

Jan 1, 2018

Former state school employee Daryl Stuckemeyer, who retired in December 2017, saved $40,908 toward a pension over 6 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Stuckemeyer would collect as much as $462,130, according to a projection by Local Government Information Services (LGIS), which publishes NW Illinois News.

The projection assumes Stuckemeyer received $9,713 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 5 years of retirement, Stuckemeyer will have already received $51,565 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Amboy Community Unit School District 272

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