East Central Reporter

East Central Reporter

Saturday, February 22, 2020

Former state school employee Findley paid in $96K to teachers' pension fund, could collect $1.37M in retirement


By East Central Reporter Reports | Jun 1, 2018

Money 05

Former state school employee Keith Findley, who retired in May 2018, saved $96,388 toward a pension over 26 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Findley would collect as much as $1.37 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Findley received $28,892 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Findley will have already received $120,875 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

Want to get notified whenever we write about Shiloh Community Unit School District 1 ?

Sign-up Next time we write about Shiloh Community Unit School District 1, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Shiloh Community Unit School District 1

More News