Quantcast

Macon Reporter

Wednesday, November 6, 2024

Former state school employee Harrold paid in $148K to teachers' pension fund, could collect $3.02M in retirement

Money 03

Former state school employee Dorothy Harrold, who retired in May 2018, saved $148,050 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Harrold would collect as much as $3.02 million, according to a projection by Local Government Information Services (LGIS), which publishes Macon Reporter.

The projection assumes Harrold received $63,462 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Harrold will have already received $196,155 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS