Former state school employee Clark paid in $33K to teachers' pension fund, could collect $453K in retirement

By Local Labs News Service

Jun 1, 2017

Former state school employee Anita Clark, who retired in May 2017, saved $32,917 toward a pension over 10 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Clark would collect as much as $453,230, according to a projection by Local Government Information Services (LGIS), which publishes Southern Illinois News.

The projection assumes Clark received $9,526 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Clark will have already received $39,853 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Cairo Unified School District 1 Board

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