Former state school employee Uphoff paid in $115K to teachers' pension fund, could collect $1.84M in retirement

By East Central Reporter Reports

Jun 1, 2018

Former state school employee Tracey Uphoff, who retired in May 2018, saved $114,977 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, Uphoff would collect as much as $1.84 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Uphoff received $38,723 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Uphoff will have already received $119,690 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Mattoon Community Unit School District 2

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