Former state school employee McNeely paid in $19K to teachers' pension fund, could collect $314K in retirement

By East Central Reporter Reports

May 1, 2018

Former state school employee Deborah McNeely, who retired in April 2018, saved $19,291 toward a pension over 9 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, McNeely would collect as much as $313,923, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes McNeely received $6,598 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, McNeely will have already received $20,394 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Tuscola Community Unit School District 301

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