Former state school employee Dreith paid in $88K to teachers' pension fund, could collect $1.49M in retirement

By Local Labs News Service

Jun 1, 2018

Former state school employee Christine Dreith, who retired in May 2018, saved $88,215 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, Dreith would collect as much as $1.49 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Dreith received $31,368 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Dreith will have already received $96,955 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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