Former state school employee Keys paid in $98K to teachers' pension fund, could collect $1.65M in retirement

By East Central Reporter Reports

Jun 1, 2018

Former state school employee Jennifer Keys, who retired in May 2018, saved $98,374 toward a pension over 32 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Keys would collect as much as $1.65 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Keys received $34,649 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Keys will have already received $107,096 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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