Former state school employee Yates paid in $142K to teachers' pension fund, could collect $2.91M in retirement

By Local Labs News Service

Jun 1, 2017

Former state school employee Deborah Yates, who retired in May 2017, saved $141,643 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Yates would collect as much as $2.91 million, according to a projection by Local Government Information Services (LGIS), which publishes Southern Illinois News.

The projection assumes Yates received $61,187 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Yates will have already received $189,124 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Vienna School District 55 Board

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