Former state school employee Swiggum paid in $6K to teachers' pension fund, could collect $405K in retirement

By Local Labs News Service

Aug 1, 2018

Former state school employee Karla Swiggum, who retired in July 2018, saved $6,289 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, Swiggum would collect as much as $404,703, according to a projection by Local Government Information Services (LGIS), which publishes NW Illinois News.

The projection assumes Swiggum received $8,506 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Swiggum will have already received $8,506 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Dakota Community Unit School District 201

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