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Will County Gazette

Tuesday, April 23, 2024

Former state school employee Maule paid in $12K to teachers' pension fund, could collect $245K in retirement

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Former state school employee Brenda Maule, who retired in June 2017, saved $11,884 toward a pension over 7 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Maule would collect as much as $245,003, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.

The projection assumes Maule received $5,149 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Maule will have already received $15,914 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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