Former state school employee Tomala paid in $207K to teachers' pension fund, could collect $4.65M in retirement

By Local Labs News Service

Jul 1, 2018

Former state school employee Andrew Tomala, who retired in June 2018, saved $207,306 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, Tomala would collect as much as $4.65 million, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.

The projection assumes Tomala received $97,796 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Tomala will have already received $302,278 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Joliet Township High School District 204

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