Former state school employee Dewitt paid in $15K to teachers' pension fund, could collect $649K in retirement

By East Central Reporter Reports

Feb 1, 2016

Former state school employee Paula Dewitt, who retired in January 2016, saved $14,601 toward a pension over 11 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Dewitt would collect as much as $649,079, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Dewitt received $13,643 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Dewitt will have already received $27,695 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Shiloh Community Unit School District 1

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