Former state school employee Youngblut paid in $111K to teachers' pension fund, could collect $2.4M in retirement

By Local Labs News Service

Jul 1, 2017

Former state school employee Susan Youngblut, who retired in June 2017, saved $111,139 toward a pension over 31 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Youngblut would collect as much as $2.4 million, according to a projection by Local Government Information Services (LGIS), which publishes NW Illinois News.

The projection assumes Youngblut received $50,402 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Youngblut will have already received $155,787 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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