Former state school employee Eberlin paid in $5K to teachers' pension fund, could collect $98K in retirement

By Local Labs News Service

Apr 1, 2018

Former state school employee Thomas Eberlin, who retired in March 2018, saved $5,275 toward a pension over 5 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Eberlin would collect as much as $97,527, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Eberlin received $2,049 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Eberlin will have already received $6,332 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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