Former state school employee Miller paid in $162K to teachers' pension fund, could collect $3.13M in retirement

By Local Labs News Service

Aug 1, 2017

Former state school employee Jill Miller, who retired in July 2017, saved $162,162 toward a pension over 28 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Miller would collect as much as $3.13 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Miller received $65,822 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Miller will have already received $203,450 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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East Alton School District 13

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