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Illinois Valley Times

Friday, April 19, 2024

Former state school employee Dullard paid in $174K to teachers' pension fund, could collect $3.93M in retirement

Money 03

Former state school employee Debra Dullard, who retired in June 2017, saved $173,557 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Dullard would collect as much as $3.93 million, according to a projection by Local Government Information Services (LGIS), which publishes Illinois Valley Times.

The projection assumes Dullard received $82,565 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Dullard will have already received $255,200 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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