Former state school employee Slettum paid in $141K to teachers' pension fund, could collect $4M in retirement

By Local Labs News Service

Jun 1, 2016

Former state school employee Becky Slettum, who retired in May 2016, saved $141,132 toward a pension over 38 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Slettum would collect as much as $4 million, according to a projection by Local Government Information Services (LGIS), which publishes Kane County Reporter.

The projection assumes Slettum received $84,074 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Slettum will have already received $170,670 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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St. Charles Community Unit School District 303

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