Former state school employee Williams paid in $38K to teachers' pension fund, could collect $538K in retirement

By Local Labs News Service

Jun 1, 2018

Former state school employee Mae Williams, who retired in May 2018, saved $37,862 toward a pension over 8 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Williams would collect as much as $537,507, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Williams received $11,298 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Williams will have already received $47,267 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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East St. Louis School District 189 Board

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