Former state school employee Robinson paid in $94K to teachers' pension fund, could collect $1.26M in retirement

By Local Labs News Service

Jun 1, 2017

Former state school employee Walden Robinson, who retired in May 2017, saved $94,256 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, Robinson would collect as much as $1.26 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Robinson received $26,515 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Robinson will have already received $110,927 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Mascoutah Community Unit School District 19 Board

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