Quantcast

Kendall County Times

Friday, November 22, 2024

Former state school employee Dranias paid in $6K to teachers' pension fund, could collect $74K in retirement

Shutterstock 225154648

Former state school employee Dean Dranias, who retired in May 2017, saved $6,297 toward a pension over 5 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Dranias would collect as much as $73,932, according to a projection by Local Government Information Services (LGIS), which publishes Kendall County Times.

The projection assumes Dranias received $1,554 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Dranias will have already received $6,502 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

!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