Illinois School Principal’s Retirement Windfall Highlights Pension Problems – Heartland Institute

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Freddy
5 years ago

This is one possible way the pensions should be calculated. With her $377,529 in contributions and actuarial expected returns of 7.5% pension would be $28,314.67 for year one plus 3% compounding= $29,164.11 and so on. This is still better than S.S. Plus you add in lifetime healthcare for many? I would love to have $377K in savings making 1% but getting 50 to 75% plus 3% compounding returns is ludicrous. To top that much of the pension money went to political pet projects or “Diverted” to something else like salary increases thus in part creating underfunding and getting meager returns.… Read more »

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