Former state school employee Running paid in $195K to teachers' pension fund, could collect $4.03M in retirement

By Local Labs News Service

Jul 1, 2016

Former state school employee Mark Running, who retired in June 2016, saved $195,153 toward a pension over 25 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Running would collect as much as $4.03 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Running received $84,753 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Running will have already received $261,964 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Northfield Township High School District 225

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