Former state school employee Felty paid in $109K to teachers' pension fund, could collect $1.88M in retirement

By Local Labs News Service

Jun 1, 2018

Former state school employee Rhonda Felty, who retired in May 2018, saved $108,791 toward a pension over 22 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Felty would collect as much as $1.88 million, according to a projection by Local Government Information Services (LGIS), which publishes SE Illinois News.

The projection assumes Felty received $39,619 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Felty will have already received $122,459 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Carrier Mills-Stonefort Community Unit School District Board

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