Former state school employee Doll paid in $24K to teachers' pension fund, could collect $616K in retirement

By Local Labs News Service

Mar 1, 2017

Former state school employee Marianne Doll, who retired in February 2017, saved $23,966 toward a pension over 8 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Doll would collect as much as $616,366, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Doll received $12,955 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Doll will have already received $26,299 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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