Dupage Policy Journal

Dupage Policy Journal

Friday, December 6, 2019

Former state school employee Dunn paid in $88K to teachers' pension fund, could collect $7.94M in retirement


By Local Labs News Service | Aug 1, 2018

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Former state school employee Randy Dunn, who retired in July 2018, saved $87,580 toward a pension over 16 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Dunn would collect as much as $7.94 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Dunn received $166,885 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Dunn will have already received $166,885 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Illinois State Board of Education

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