East Central Reporter

East Central Reporter

Monday, February 24, 2020

Former state school employee Broughton paid in $105K to teachers' pension fund, could collect $1.68M in retirement

Schools

By East Central Reporter Reports | Apr 1, 2016

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Former state school employee Susan Broughton, who retired in March 2016, saved $105,026 toward a pension over 23 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Broughton would collect as much as $1.68 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Broughton received $35,402 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Broughton will have already received $109,424 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Illinois State Board of Education

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