Former state school employee Yeck paid in $155K to teachers' pension fund, could collect $3.62M in retirement

By East Central Reporter Reports

Jul 1, 2016

Former state school employee Susan Yeck, who retired in June 2016, saved $155,205 toward a pension over 36 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Yeck would collect as much as $3.62 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Yeck received $76,193 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Yeck will have already received $235,505 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Eastern Il Area Spec Educ Coop

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