Former state school employee Dickey paid in $84K to teachers' pension fund, could collect $1.06M in retirement

By Local Labs News Service

Oct 1, 2018

Former state school employee Kimberly Dickey, who retired in September 2018, saved $83,890 toward a pension over 21 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Dickey would collect as much as $1.06 million, according to a projection by Local Government Information Services (LGIS), which publishes SE Illinois News.

The projection assumes Dickey received $22,358 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Dickey will have already received $93,539 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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