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Carbondale Reporter

Sunday, November 24, 2024

Former state school employee Dressen paid in $25K to teachers' pension fund, could collect $380K in retirement

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Former state school employee Joni Dressen, who retired in September 2017, saved $24,666 toward a pension over 8 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Dressen would collect as much as $380,462, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.

The projection assumes Dressen received $7,997 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Dressen will have already received $24,718 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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