Former state school employee Butts paid in $103K to teachers' pension fund, could collect $1.78M in retirement

By Local Labs News Service

Jun 1, 2018

Former state school employee Brenda Butts, who retired in May 2018, saved $102,833 toward a pension over 28 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Butts would collect as much as $1.78 million, according to a projection by Local Government Information Services (LGIS), which publishes Southern Illinois News.

The projection assumes Butts received $37,351 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Butts will have already received $115,449 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Hardin County Community Unit School District 1

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