Dupage Policy Journal

Dupage Policy Journal

Tuesday, November 12, 2019

Former state school employee Plepel paid in $161K to teachers' pension fund, could collect $2.84M in retirement

Schools

By Local Labs News Service | Jul 1, 2017

Money041

Former state school employee Julia Plepel, who retired in June 2017, saved $160,515 toward a pension over 33 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Plepel would collect as much as $2.84 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Plepel received $59,607 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Plepel will have already received $184,239 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

Want to get notified whenever we write about Downers Grove Grade School District 58 ?

Sign-up Next time we write about Downers Grove Grade School District 58, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Downers Grove Grade School District 58

More News