Former state school employee Dorney paid in $33K to teachers' pension fund, could collect $850K in retirement

By Local Labs News Service

Jul 1, 2018

Former state school employee Deborah Dorney, who retired in June 2018, saved $33,301 toward a pension over 10 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Dorney would collect as much as $849,963, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Dorney received $17,865 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Dorney will have already received $36,266 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Lincolnshire Prairie View School District 103

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