Former state school employee Donahue paid in $30K to teachers' pension fund, could collect $730K in retirement

By Local Labs News Service

Jun 1, 2018

Former state school employee Ruth Donahue, who retired in May 2018, saved $29,526 toward a pension over 12 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Donahue would collect as much as $730,490, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Donahue received $15,354 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Donahue will have already received $31,169 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Alton Community Unit School District 11

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