Former state school employee Dillow paid in $166K to teachers' pension fund, could collect $2.92M in retirement

By East Central Reporter Reports

Oct 1, 2017

Former state school employee Suzanne Dillow, who retired in September 2017, saved $166,105 toward a pension over 31 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Dillow would collect as much as $2.92 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Dillow received $61,337 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Dillow will have already received $189,586 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