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Peoria Standard

Tuesday, December 24, 2024

Former state school employee Gorsuch paid in $92K to teachers' pension fund, could collect $1.93M in retirement

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Former state school employee Dawn Gorsuch, who retired in May 2016, saved $92,164 toward a pension over 29 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Gorsuch would collect as much as $1.93 million, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.

The projection assumes Gorsuch received $40,482 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Gorsuch will have already received $125,125 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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