Former state school employee Harrison paid in $19K to teachers' pension fund, could collect $312K in retirement

By East Central Reporter Reports

Feb 1, 2018

Former state school employee Beverly Harrison, who retired in January 2018, saved $18,507 toward a pension over 10 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Harrison would collect as much as $311,731, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Harrison received $6,552 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Harrison will have already received $20,252 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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