Former state school employee Housner paid in $251K to teachers' pension fund, could collect $5.99M in retirement

By Local Labs News Service

Jun 1, 2016

Former state school employee Alan Housner, who retired in May 2016, saved $250,674 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, Housner would collect as much as $5.99 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Housner received $125,814 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Housner will have already received $255,402 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Hinsdale Township High School District 86

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