Former state school employee Thompson paid in $170K to teachers' pension fund, could collect $3.6M in retirement

By Local Labs News Service

Jul 1, 2018

Former state school employee Karen Thompson, who retired in June 2018, saved $170,117 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, Thompson would collect as much as $3.6 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Thompson received $75,641 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Thompson will have already received $233,798 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Cahokia Community Unit School District 187

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