Former state school employee Crackel paid in $21K to teachers' pension fund, could collect $300K in retirement

By East Central Reporter Reports

Jun 1, 2017

Former state school employee Janice Crackel, who retired in May 2017, saved $20,838 toward a pension over 14 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Crackel would collect as much as $299,942, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Crackel received $6,304 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Crackel will have already received $26,374 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Richland County Community Unit School District 1

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