Former state school employee Koerner paid in $113K to teachers' pension fund, could collect $1.63M in retirement

By Local Labs News Service

Jul 1, 2017

Former state school employee Tonya Koerner, who retired in June 2017, saved $113,324 toward a pension over 27 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Koerner would collect as much as $1.63 million, according to a projection by Local Government Information Services (LGIS), which publishes Southern Illinois News.

The projection assumes Koerner received $34,339 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Koerner will have already received $143,661 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Massac Unit School District 1 Board

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