Former state school employee Cox paid in $111K to teachers' pension fund, could collect $2.3M in retirement

By Local Labs News Service

Jul 1, 2018

Former state school employee Jeff Cox, who retired in June 2018, saved $110,935 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Cox would collect as much as $2.3 million, according to a projection by Local Government Information Services (LGIS), which publishes SE Illinois News.

The projection assumes Cox received $48,434 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Cox will have already received $149,705 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Eldorado Community Unit School District 4

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