Metro East Sun

Metro East Sun

Friday, April 3, 2020

Former state school employee Evans paid in $86K to teachers' pension fund, could collect $1.63M in retirement


By Local Labs News Service | Jan 1, 2017

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Former state school employee Julie Evans, who retired in December 2016, saved $85,722 toward a pension over 21 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Evans would collect as much as $1.63 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Evans received $34,218 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Evans will have already received $105,765 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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