Former state school employee Seaton paid in $60K to teachers' pension fund, could collect $1.41M in retirement

By Local Labs News Service

Sep 1, 2017

Former state school employee Bradley Seaton, who retired in August 2017, saved $60,056 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, Seaton would collect as much as $1.41 million, according to a projection by Local Government Information Services (LGIS), which publishes SE Illinois News.

The projection assumes Seaton received $29,738 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Seaton will have already received $60,368 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Wabash Community Unit School District 348

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