Quantcast

Peoria Standard

Friday, March 14, 2025

Former state school employee Dorrington paid in $98K to teachers' pension fund, could collect $2.17M in retirement

Shutterstock 197358977

Former state school employee William Dorrington, who retired in April 2017, saved $97,928 toward a pension over 31 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Dorrington would collect as much as $2.17 million, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.

The projection assumes Dorrington received $45,557 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Dorrington will have already received $140,813 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS