Quantcast

Macon Reporter

Saturday, February 1, 2025

Former state school employee Massey paid in $151K to teachers' pension fund, could collect $3.57M in retirement

Shutterstock 469426916

Former state school employee Randy Massey, who retired in June 2016, saved $151,370 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, Massey would collect as much as $3.57 million, according to a projection by Local Government Information Services (LGIS), which publishes Macon Reporter.

The projection assumes Massey received $75,009 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Massey will have already received $152,268 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