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McHenry Times

Friday, April 19, 2024

Former state school employee Diller paid in $108K to teachers' pension fund, could collect $1.18M in retirement

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Former state school employee Elizabeth Diller, who retired in June 2017, saved $107,581 toward a pension over 22 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Diller would collect as much as $1.18 million, according to a projection by Local Government Information Services (LGIS), which publishes McHenry Times.

The projection assumes Diller received $24,768 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 5 years of retirement, Diller will have already received $131,495 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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