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Will County Gazette

Sunday, November 24, 2024

Former state school employee Dosen paid in $93K to teachers' pension fund, could collect $1.45M in retirement

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Former state school employee Laura Dosen, who retired in May 2016, saved $93,338 toward a pension over 24 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Dosen would collect as much as $1.45 million, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.

The projection assumes Dosen received $30,402 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Dosen will have already received $93,969 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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