Former state school employee Ross paid in $175K to teachers' pension fund, could collect $2.19M in retirement

By Local Labs News Service

Jun 1, 2018

Former state school employee Rhonda Ross, who retired in May 2018, saved $175,313 toward a pension over 30 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Ross would collect as much as $2.19 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Ross received $46,014 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Ross will have already received $192,504 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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