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Peoria Standard

Tuesday, November 26, 2024

Former state school employee Vohland paid in $67K to teachers' pension fund, could collect $1.26M in retirement

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Former state school employee Debra Vohland, who retired in May 2018, saved $66,844 toward a pension over 21 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Vohland would collect as much as $1.26 million, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.

The projection assumes Vohland received $26,406 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Vohland will have already received $81,618 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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