Quantcast

Quincy Reporter

Monday, November 25, 2024

Former state school employee Dunker paid in $118K to teachers' pension fund, could collect $2.82M in retirement

Shutterstock 443523118

Former state school employee Marti Dunker, who retired in May 2016, saved $117,754 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, Dunker would collect as much as $2.82 million, according to a projection by Local Government Information Services (LGIS), which publishes Quincy Reporter.

The projection assumes Dunker received $59,275 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Dunker will have already received $120,328 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

!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

MORE NEWS