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Former state school employee Donohue paid in $85K to teachers' pension fund, could collect $1.46M in retirement


By Local Labs News Service | Nov 1, 2018

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Former state school employee Cynthia Donohue, who retired in October 2018, saved $84,861 toward a pension over 18 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Donohue would collect as much as $1.46 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Donohue received $30,655 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Donohue will have already received $94,752 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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