Former state school employee Laurent paid in $99K to teachers' pension fund, could collect $2.41M in retirement

By South West Illinois News Reports

Mar 1, 2017

Former state school employee Renee Laurent, who retired in February 2017, saved $99,155 toward a pension over 30 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Laurent would collect as much as $2.41 million, according to a projection by Local Government Information Services (LGIS), which publishes SW Illinois News.

The projection assumes Laurent received $50,559 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Laurent will have already received $102,635 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Valmeyer Community Unit School District 3 Board

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