Former state school employee Anstett paid in $245K to teachers' pension fund, could collect $5.4M in retirement

By Local Labs News Service

Jun 1, 2017

Former state school employee Susan Anstett, who retired in May 2017, saved $244,963 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Anstett would collect as much as $5.4 million, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.

The projection assumes Anstett received $113,553 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Anstett will have already received $350,982 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Lincoln Way Community High School District 210

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