Former state school employee Gentry paid in $36K to teachers' pension fund, could collect $885K in retirement

By Local Labs News Service

Feb 1, 2016

Former state school employee Terri Gentry, who retired in January 2016, saved $36,490 toward a pension over 18 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Gentry would collect as much as $885,336, according to a projection by Local Government Information Services (LGIS), which publishes Southern Illinois News.

The projection assumes Gentry received $18,609 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Gentry will have already received $37,776 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Alxndr/John/Masc/Pulski/Unon Regional Office Of Education

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