Former state school employee Wilkens paid in $80K to teachers' pension fund, could collect $1.3M in retirement

By Local Labs News Service

Jun 1, 2018

Former state school employee Carol Wilkens, who retired in May 2018, saved $79,951 toward a pension over 24 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Wilkens would collect as much as $1.3 million, according to a projection by Local Government Information Services (LGIS), which publishes NW Illinois News.

The projection assumes Wilkens received $27,312 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Wilkens will have already received $84,418 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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River Bend Community Unit District 2

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