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Metro East Sun

Monday, June 17, 2024

Former state school employee Bowden Curtis paid in $95K to teachers' pension fund, could collect $1.33M in retirement

Money272

Former state school employee Anita Bowden Curtis, who retired in June 2016, saved $95,061 toward a pension over 16 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Bowden Curtis would collect as much as $1.33 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Bowden Curtis received $27,980 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Bowden Curtis will have already received $117,058 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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