Former state school employee Bradley paid in $64K to teachers' pension fund, could collect $801K in retirement

By East Central Reporter Reports

Jun 1, 2017

Former state school employee Vickie Bradley, who retired in May 2017, saved $64,359 toward a pension over 20 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Bradley would collect as much as $801,168, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Bradley received $16,839 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Bradley will have already received $70,447 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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