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Former state school employee Orlow paid in $201K to teachers' pension fund, could collect $3.63M in retirement

Schools

By Local Labs News Service | Oct 1, 2016

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Former state school employee Leslie Orlow, who retired in September 2016, saved $200,509 toward a pension over 31 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Orlow would collect as much as $3.63 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Orlow received $76,335 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Orlow will have already received $235,944 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Glenbard Township High School District 87

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