Former state school employee Quick paid in $164K to teachers' pension fund, could collect $4.13M in retirement

By Local Labs News Service

Jul 1, 2018

Former state school employee Suzanne Quick, who retired in June 2018, saved $163,725 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, Quick would collect as much as $4.13 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Quick received $86,721 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Quick will have already received $176,044 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Arlington Heights School District 25

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