Former state school employee Mullins paid in $11K to teachers' pension fund, could collect $369K in retirement

By South West Illinois News Reports

Aug 1, 2018

Former state school employee Melinda Mullins, who retired in July 2018, saved $11,144 toward a pension over 10 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Mullins would collect as much as $369,192, according to a projection by Local Government Information Services (LGIS), which publishes SW Illinois News.

The projection assumes Mullins received $7,760 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Mullins will have already received $15,753 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Waterloo Community Unit School District 5 Board

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