Former state school employee Tester paid in $97K to teachers' pension fund, could collect $2.1M in retirement

By Local Labs News Service

Jun 1, 2017

Former state school employee Nancy Tester, who retired in May 2017, saved $96,672 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, Tester would collect as much as $2.1 million, according to a projection by Local Government Information Services (LGIS), which publishes Illinois Valley Times.

The projection assumes Tester received $44,188 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Tester will have already received $136,581 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Princeton Elementary School District 115

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