Retired Peoria SD 150 employee Suzanne Shafer-Wilson saved $91,031 toward her pension over 35 years working for public schools, Illinois Teachers' Retirement Fund (TRS) records show.
Over 40 years of retirement, Shafer-Wilson would collect as much as $2.389 million, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.
Shafer-Wilson, 55, who currently lives in Lostant, earned $65,975 in her final year at Peoria SD 150.
Suzanne Shafer-Wilson
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The projection assumes Shafer-Wilson will receive 45.6 percent of that total - $30,068 - in her first year of retirement, then 3 percent annual increases thereafter, compounded.
After three years of retirement, Shafer-Wilson will have already received $92,936 in retirement benefits, or more than the sum total of her contributions to the state teachers' pension fund.
According to the Illinois State Board of Education (ISBE), 17.4 percent of Peoria SD 150 students met or exceeded the standards for the "PARCC" exams. ISBE reported that 36.3 percent of district's graduates were deemed "college ready" last year.
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