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Illinois Valley Times

Saturday, November 23, 2024

Former state school employee Liesse paid in $105K to teachers' pension fund, could collect $1.8M in retirement

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Former state school employee Nancy Liesse, who retired in June 2016, saved $104,829 toward a pension over 33 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Liesse would collect as much as $1.8 million, according to a projection by Local Government Information Services (LGIS), which publishes Illinois Valley Times.

The projection assumes Liesse received $37,789 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Liesse will have already received $116,803 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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