Former state school employee Conway paid in $126K to teachers' pension fund, could collect $2.08M in retirement

By Local Labs News Service

Jul 1, 2016

Former state school employee Susan Conway, who retired in June 2016, saved $125,945 toward a pension over 28 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Conway would collect as much as $2.08 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Conway received $43,745 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Conway will have already received $135,211 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Bloomingdale School District 13

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