Former state school employee Rogers paid in $24K to teachers' pension fund, could collect $713K in retirement

By Local Labs News Service

Feb 1, 2018

Former state school employee Bethel Rogers, who retired in January 2018, saved $23,718 toward a pension over 9 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Rogers would collect as much as $712,820, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Rogers received $14,982 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Rogers will have already received $30,413 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

Cahokia Community Unit School District 187

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.

Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.

Donate