Former state school employee Campbell paid in $60K to teachers' pension fund, could collect $926K in retirement

By Local Labs News Service

Jun 1, 2017

Former state school employee Lou Campbell, who retired in May 2017, saved $60,097 toward a pension over 17 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Campbell would collect as much as $925,836, according to a projection by Local Government Information Services (LGIS), which publishes SE Illinois News.

The projection assumes Campbell received $19,460 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Campbell will have already received $60,149 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Wayne City Community Unit School District 100

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