Former state school employee Brightwell Arnold paid in $5K to teachers' pension fund, could collect $247K in retirement

By East Central Reporter Reports

Feb 1, 2018

Former state school employee Mary Brightwell Arnold, who retired in January 2018, saved $4,518 toward a pension over 3 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Brightwell Arnold would collect as much as $246,750, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Brightwell Arnold received $5,186 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Brightwell Arnold will have already received $5,186 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

Illinois State Board Of Education

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.

Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.

Donate