Former state school employee Chamberlain paid in $109K to teachers' pension fund, could collect $2.68M in retirement

By Local Labs News Service

Jun 1, 2016

Former state school employee Roberta Chamberlain, who retired in May 2016, saved $108,557 toward a pension over 34 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Chamberlain would collect as much as $2.68 million, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.

The projection assumes Chamberlain received $56,427 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Chamberlain will have already received $114,547 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Joliet Public School District 86

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