Former state school employee Graham paid in $79K to teachers' pension fund, could collect $1.31M in retirement

By Local Labs News Service

Jul 1, 2018

Former state school employee Tamara Graham, who retired in June 2018, saved $78,586 toward a pension over 21 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Graham would collect as much as $1.31 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Graham received $27,435 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Graham will have already received $84,799 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Woodland Community Consolidated School District 50

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