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Macon Reporter

Wednesday, November 6, 2024

Former state school employee Myers paid in $120K to teachers' pension fund, could collect $2.67M in retirement

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Former state school employee Tammara Myers, who retired in May 2018, saved $120,279 toward a pension over 40 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Myers would collect as much as $2.67 million, according to a projection by Local Government Information Services (LGIS), which publishes Macon Reporter.

The projection assumes Myers received $56,029 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Myers will have already received $173,180 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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