Former state school employee Lambert paid in $197K to teachers' pension fund, could collect $5.51M in retirement

By Local Labs News Service

Aug 1, 2016

Former state school employee Suzette Lambert, who retired in July 2016, saved $196,848 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Lambert would collect as much as $5.51 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Lambert received $115,820 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Lambert will have already received $235,115 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Signal Hill School District 181 Board

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