Quantcast

DeKalb Times

Thursday, April 24, 2025

Former state school employee Dee paid in $5K to teachers' pension fund, could collect $63K in retirement

Shutterstock 197358977

Former state school employee Roger Dee, who retired in May 2017, saved $5,458 toward a pension over 2 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Dee would collect as much as $63,313, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Dee received $1,330 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Dee will have already received $5,564 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS