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Macon Reporter

Saturday, November 23, 2024

Former state school employee Duff paid in $52K to teachers' pension fund, could collect $1.49M in retirement

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Former state school employee Rosa Duff, who retired in January 2018, saved $52,137 toward a pension over 15 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Duff would collect as much as $1.49 million, according to a projection by Local Government Information Services (LGIS), which publishes Macon Reporter.

The projection assumes Duff received $31,302 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Duff will have already received $63,543 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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