Former state school employee Dehaan paid in $51K to teachers' pension fund, could collect $782K in retirement

By Local Labs News Service

Jun 1, 2016

Former state school employee Marcia Dehaan, who retired in May 2016, saved $51,400 toward a pension over 11 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Dehaan would collect as much as $781,723, according to a projection by Local Government Information Services (LGIS), which publishes Kane County Reporter.

The projection assumes Dehaan received $16,431 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Dehaan will have already received $68,742 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

Elgin Area School District U46

!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