Former state school employee Higginbotham paid in $65K to teachers' pension fund, could collect $967K in retirement

By East Central Reporter Reports

Nov 1, 2016

Former state school employee Lee Ann Higginbotham, who retired in October 2016, saved $65,366 toward a pension over 21 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Higginbotham would collect as much as $966,587, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Higginbotham received $20,316 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Higginbotham will have already received $84,994 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Marshall Community Unit School District C-2

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