Former state school employee Zeidler paid in $128K to teachers' pension fund, could collect $2.08M in retirement

By Local Labs News Service

Jun 1, 2016

Former state school employee Janet Zeidler, who retired in May 2016, saved $127,837 toward a pension over 34 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Zeidler would collect as much as $2.08 million, according to a projection by Local Government Information Services (LGIS), which publishes Quincy Reporter.

The projection assumes Zeidler received $43,703 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Zeidler will have already received $135,081 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Quincy Public School District 172 Board

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