Retired Lincoln-Way Schools Chief Gets State’s Biggest Teachers’ Pension: $312,081
ICPR Executive Director Sarah Brune is quoted in this article.
via The Chicago Tribune
“Lawrence Wyllie never cracked $300,000 in salary a year.
But the former Lincoln-Way High School District 210 superintendent is collecting the largest pension in the state’s teachers’ retirement system: $312,081. In 2017, Wyllie’s pension is expected to grow to $321,443
Wyllie’s pension is derived through an obscure actuarial calculation that boosted his pension higher than the payment he would’ve received under the standard formula, officials said. That actuarial calculation has been eliminated for newer members of the Teachers’ Retirement System.”
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