Former state school employee Stangland paid in $185K to teachers' pension fund, could collect $4.4M in retirement

By Local Labs News Service

Jun 1, 2017

Former state school employee Susan Stangland, who retired in May 2017, saved $184,705 toward a pension over 43 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Stangland would collect as much as $4.4 million, according to a projection by Local Government Information Services (LGIS), which publishes Kendall County Times.

The projection assumes Stangland received $92,504 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Stangland will have already received $187,783 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Oswego Community Unit School District 308

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