Former state school employee Pleasant paid in $106K to teachers' pension fund, could collect $2.14M in retirement

By Local Labs News Service

Jul 1, 2018

Former state school employee Beth Pleasant, who retired in June 2018, saved $105,981 toward a pension over 26 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Pleasant would collect as much as $2.14 million, according to a projection by Local Government Information Services (LGIS), which publishes Illinois Valley Times.

The projection assumes Pleasant received $44,897 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Pleasant will have already received $138,772 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Marseilles Elementary School District 150

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