Former state school employee Nault paid in $137K to teachers' pension fund, could collect $3.25M in retirement

By West Cook News

Jun 1, 2018

Former state school employee Nancy Nault, who retired in May 2018, saved $136,945 toward a pension over 33 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Nault would collect as much as $3.25 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.

The projection assumes Nault received $68,358 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Nault will have already received $138,767 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

Franklin Park School District 84

!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