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Saturday, April 20, 2024

Here are the 5 former employees of the Village of Tolono receiving the highest annual pension payouts

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Here are the 5 former employees of the Village of Tolono receiving the highest annual pension payouts, according to 2015 Illinois Municipal Retirement Fund (IMRF) records:

Name
Total saved over career
Projected Total Collections
Year Retired
Years Retired
Total Collected (Retirement through 2016)
2016 Pension
Original Benefit
Powell, Thomas F.
$5,487
$1,163,079
2000
16
$417,364
$26,944
$18,392
Cunnington, Luan
$1,308
$478,407
1998
18
$188,209
$12,033
$7,903
Harden, Mitchell L.
$14,649
$582,188
2008
8
$90,430
$11,121
$9,134
Byers, Beverley J.
$2,387
$290,965
2000
16
$103,512
$6,773
$4,584
McCormick, Cecil A.
$1,476
$127,884
2005
11
$27,955
$2,661
$2,015

Projected total collections assume 36 years of retirement.

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