Former state school employee Sayler paid in $146K to teachers' pension fund, could collect $2.74M in retirement

By Local Labs News Service

Jul 1, 2018

Former state school employee Russell Sayler, who retired in June 2018, saved $146,407 toward a pension over 19 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Sayler would collect as much as $2.74 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Sayler received $57,687 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Sayler will have already received $178,306 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Homewood Flossmoor Community High School District 233

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