Former state school employee Ross Toushin paid in $220K to teachers' pension fund, could collect $4.61M in retirement

By Local Labs News Service

Jul 1, 2017

Former state school employee Janet Ross Toushin, who retired in June 2017, saved $220,478 toward a pension over 31 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Ross Toushin would collect as much as $4.61 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Ross Toushin received $96,904 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Ross Toushin will have already received $299,520 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

Nsseo

!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