Former state school employee Lehr paid in $107K to teachers' pension fund, could collect $1.96M in retirement

By Local Labs News Service

Jun 1, 2016

Former state school employee Robert Lehr, who retired in May 2016, saved $106,933 toward a pension over 32 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Lehr would collect as much as $1.96 million, according to a projection by Local Government Information Services (LGIS), which publishes Southern Illinois News.

The projection assumes Lehr received $41,117 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Lehr will have already received $127,090 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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