Former state school employee Bame paid in $97K to teachers' pension fund, could collect $1.73M in retirement

By Local Labs News Service

Jul 1, 2016

Former state school employee Lyn Bame, who retired in June 2016, saved $96,672 toward a pension over 20 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Bame would collect as much as $1.73 million, according to a projection by Local Government Information Services (LGIS), which publishes Southern Illinois News.

The projection assumes Bame received $36,271 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Bame will have already received $112,110 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Anna Jonesboro Community High School District 81

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