Former state school employee Boyd paid in $128K to teachers' pension fund, could collect $3.04M in retirement

By East Central Reporter Reports

Jun 1, 2016

Former state school employee Anna Boyd, who retired in May 2016, saved $127,534 toward a pension over 34 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Boyd would collect as much as $3.04 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Boyd received $63,898 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Boyd will have already received $129,713 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Mattoon Community Unit School District 2

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