Former state school employee Obernuefemann paid in $93K to teachers' pension fund, could collect $1.25M in retirement

By Local Labs News Service

Oct 1, 2017

Former state school employee Alycia Obernuefemann, who retired in September 2017, saved $92,996 toward a pension over 23 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Obernuefemann would collect as much as $1.25 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Obernuefemann received $26,305 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Obernuefemann will have already received $110,050 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Belle Valley School District 119 Board

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