Former state school employee Fox paid in $137K to teachers' pension fund, could collect $3.08M in retirement

By Local Labs News Service

Jun 1, 2016

Former state school employee Deborah Fox, who retired in May 2016, saved $137,404 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, Fox would collect as much as $3.08 million, according to a projection by Local Government Information Services (LGIS), which publishes Southern Illinois News.

The projection assumes Fox received $64,656 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Fox will have already received $199,846 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Goreville Community Unit School District 1 Board

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