Dupage Policy Journal

Dupage Policy Journal

Friday, October 18, 2019

Former state school employee West paid in $119K to teachers' pension fund, could collect $2.47M in retirement

Schools

By Local Labs News Service | Jul 1, 2018


Former state school employee Beverly West, who retired in June 2018, saved $118,506 toward a pension over 21 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, West would collect as much as $2.47 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes West received $51,824 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, West will have already received $160,183 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Downers Grove Grade School District 58

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