Former state school employee Conway paid in $215K to teachers' pension fund, could collect $5.51M in retirement

By Local Labs News Service

Jul 1, 2018

Former state school employee Dawn Conway, who retired in June 2018, saved $215,003 toward a pension over 38 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Conway would collect as much as $5.51 million, according to a projection by Local Government Information Services (LGIS), which publishes Illinois Valley Times.

The projection assumes Conway received $115,805 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Conway will have already received $235,084 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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