Former state school employee Bremer paid in $135K to teachers' pension fund, could collect $2.97M in retirement

By Local Labs News Service

Jul 1, 2018

Former state school employee Jeffrey Bremer, who retired in June 2018, saved $134,989 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, Bremer would collect as much as $2.97 million, according to a projection by Local Government Information Services (LGIS), which publishes Southern Illinois News.

The projection assumes Bremer received $62,337 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Bremer will have already received $192,677 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Vienna School District 55 Board

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