Quantcast

Macon Reporter

Sunday, June 29, 2025

Former state school employee Idle paid in $160K to teachers' pension fund, could collect $2.88M in retirement

Money 01

Former state school employee Stephanie Idle, who retired in May 2016, saved $159,647 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, Idle would collect as much as $2.88 million, according to a projection by Local Government Information Services (LGIS), which publishes Macon Reporter.

The projection assumes Idle received $60,469 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Idle will have already received $186,903 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

!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