Former state school employee Huston paid in $120K to teachers' pension fund, could collect $1.84M in retirement

By Local Labs News Service

Jun 1, 2018

Former state school employee Lesa Huston, who retired in May 2018, saved $120,398 toward a pension over 22 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Huston would collect as much as $1.84 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Huston received $38,779 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Huston will have already received $162,235 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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East St. Louis School District 189 Board

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