Former state school employee Annis paid in $184K to teachers' pension fund, could collect $3.84M in retirement

By Local Labs News Service

Jul 1, 2016

Former state school employee Timothy Annis, who retired in June 2016, saved $184,160 toward a pension over 38 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Annis would collect as much as $3.84 million, according to a projection by Local Government Information Services (LGIS), which publishes Kankakee Times.

The projection assumes Annis received $80,765 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Annis will have already received $249,637 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Kankakee School District 111

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