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Macon Reporter

Wednesday, November 6, 2024

Former state school employee Righter paid in $133K to teachers' pension fund, could collect $3.12M in retirement

Money 02

Former state school employee Robin Righter, who retired in May 2018, saved $133,128 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, Righter would collect as much as $3.12 million, according to a projection by Local Government Information Services (LGIS), which publishes Macon Reporter.

The projection assumes Righter received $65,558 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Righter will have already received $202,634 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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