Former state school employee Mason paid in $2K to teachers' pension fund, could collect $63K in retirement

By Local Labs News Service

Jul 1, 2017

Former state school employee Mabel Mason, who retired in June 2017, saved $2,332 toward a pension over 1 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Mason would collect as much as $62,548, according to a projection by Local Government Information Services (LGIS), which publishes Southern Illinois News.

The projection assumes Mason received $1,314 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Mason will have already received $2,667 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Anna Jonesboro Community High School District 81

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