Dupage Policy Journal

Dupage Policy Journal

Monday, October 21, 2019

Former state school employee Bensfield paid in $119K to teachers' pension fund, could collect $2.2M in retirement

Schools

By Local Labs News Service | Jul 1, 2017


Former state school employee Nancy Bensfield, who retired in June 2017, saved $119,354 toward a pension over 21 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Bensfield would collect as much as $2.2 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Bensfield received $46,154 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Bensfield will have already received $142,658 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Elmhurst Community Unit School District 205

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