Former state school employee Alexander Stewart paid in $8K to teachers' pension fund, could collect $291K in retirement

By West Cook News

Sep 1, 2016

Former state school employee Dorothy Alexander Stewart, who retired in August 2016, saved $7,744 toward a pension over 2 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Alexander Stewart would collect as much as $290,921, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.

The projection assumes Alexander Stewart received $6,114 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Alexander Stewart will have already received $12,411 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Bellwood School District 88

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