Former state school employee Parker paid in $139K to teachers' pension fund, could collect $2.3M in retirement

By Local Labs News Service

Jun 1, 2018

Former state school employee Anita Parker, who retired in May 2018, saved $138,871 toward a pension over 27 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Parker would collect as much as $2.3 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Parker received $48,388 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Parker will have already received $149,563 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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