Illini Bluffs CUSD 327 Dieckow paid in $18K to teachers pension fund, could collect $400K in retirement
Retired Illini Bluffs CUSD 327 employee Janice Dieckow saved $18,211 toward her pension over 47 years working for public schools, Illinois Teachers' Retirement Fund (TRS) records show.
Over 33 years of retirement, Dieckow would collect as much as $369,000, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.
Dieckow, 62, who currently lives in Mapleton, earned $2,234 in her final year at Illini Bluffs CUSD 327.
The projection assumes Dieckow will receive $6,246 in her first year of retirement, then 3 percent annual increases thereafter, compounded.
After three years of retirement, Dieckow will have already received $19,306 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), 38.9 percent of Illini Bluffs CUSD 327 students met or exceeded the standards for the "PARCC" exams. ISBE reported that 65.8 percent of district's graduates were deemed "college ready" last year.