Former state school employee Quinn paid in $3K to teachers' pension fund, could collect $71K in retirement

By East Central Reporter Reports

Aug 1, 2017

Former state school employee Lori Quinn, who retired in July 2017, saved $2,884 toward a pension over 1 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Quinn would collect as much as $71,208, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Quinn received $1,496 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Quinn will have already received $3,037 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Clay City Community Unit District 10 Board

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