Former state school employee Whited Roussin paid in $58K to teachers' pension fund, could collect $693K in retirement

By Local Labs News Service

Jun 1, 2018

Former state school employee Linda Whited Roussin, who retired in May 2018, saved $57,579 toward a pension over 13 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Whited Roussin would collect as much as $692,907, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Whited Roussin received $14,564 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Whited Roussin will have already received $60,931 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

Madison Co Roe 41

!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