Former state school employee Waldron paid in $3K to teachers' pension fund, could collect $89K in retirement

By South West Illinois News Reports

Jul 1, 2016

Former state school employee Diane Waldron, who retired in June 2016, saved $2,922 toward a pension over 3 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Waldron would collect as much as $88,907, according to a projection by Local Government Information Services (LGIS), which publishes SW Illinois News.

The projection assumes Waldron received $1,868 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Waldron will have already received $3,792 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Sparta Community Unit School District 140

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