Dupage Policy Journal

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Former state school employee Stone paid in $145K to teachers' pension fund, could collect $2.3M in retirement

Schools

By Local Labs News Service | Jun 1, 2016

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Former state school employee Sue Stone, who retired in May 2016, saved $144,823 toward a pension over 26 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Stone would collect as much as $2.3 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Stone received $48,315 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Stone will have already received $149,336 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Naperville Community Unit School District 203

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