Quantcast

SE Illinois News

Friday, April 18, 2025

Former state school employee Hall paid in $78K to teachers' pension fund, could collect $1.23M in retirement

Money 03

Former state school employee Donald Hall, who retired in June 2016, saved $78,182 toward a pension over 19 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Hall would collect as much as $1.23 million, according to a projection by Local Government Information Services (LGIS), which publishes SE Illinois News.

The projection assumes Hall received $25,791 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hall will have already received $79,718 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS