Former state school employee Haugh Tucker paid in $81K to teachers' pension fund, could collect $1.59M in retirement

By Local Labs News Service

Jun 1, 2017

Former state school employee Gail Haugh Tucker, who retired in May 2017, saved $80,686 toward a pension over 30 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Haugh Tucker would collect as much as $1.59 million, according to a projection by Local Government Information Services (LGIS), which publishes Southern Illinois News.

The projection assumes Haugh Tucker received $33,364 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Haugh Tucker will have already received $103,125 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

Lick Creek Community Consolidated School District 16

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.

Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.

Donate