Dupage Policy Journal

Dupage Policy Journal

Wednesday, January 22, 2020

Former state school employee Tadel paid in $200K to teachers' pension fund, could collect $4.37M in retirement

Schools

By Local Labs News Service | Jul 1, 2018

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Former state school employee Constance Tadel, who retired in June 2018, saved $200,249 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, Tadel would collect as much as $4.37 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Tadel received $91,801 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Tadel will have already received $283,748 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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