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Former state school employee Templeman paid in $55K to teachers' pension fund, could collect $919K in retirement

Schools

By Local Labs News Service | Jun 1, 2016

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Former state school employee Gayla Templeman, who retired in May 2016, saved $55,284 toward a pension over 24 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Templeman would collect as much as $919,431, according to a projection by Local Government Information Services (LGIS), which publishes SE Illinois News.

The projection assumes Templeman received $19,325 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Templeman will have already received $59,732 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Geff Community Consolidated School District 14

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