Quantcast

Carbondale Reporter

Sunday, April 6, 2025

Former state school employee Luecking Catron paid in $62K to teachers' pension fund, could collect $872K in retirement

Shutterstock 385535740

Former state school employee Janice Luecking Catron, who retired in May 2018, saved $62,061 toward a pension over 15 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Luecking Catron would collect as much as $872,154, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.

The projection assumes Luecking Catron received $18,332 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Luecking Catron will have already received $76,693 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

!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

MORE NEWS