Quantcast

Peoria Standard

Tuesday, December 24, 2024

Former state school employee Hatfill paid in $132K to teachers' pension fund, could collect $2.84M in retirement

Shutterstock 443523112

Former state school employee Bradley Hatfill, who retired in May 2016, saved $131,580 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Hatfill would collect as much as $2.84 million, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.

The projection assumes Hatfill received $59,734 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hatfill will have already received $184,632 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

!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