Quantcast

North Cook News

Wednesday, November 6, 2024

Former state school employee Dlouhy paid in $89K to teachers' pension fund, could collect $1.42M in retirement

Shutterstock 197358977

Former state school employee Colleen Dlouhy, who retired in July 2016, saved $88,933 toward a pension over 20 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Dlouhy would collect as much as $1.42 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Dlouhy received $29,860 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Dlouhy will have already received $92,295 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

!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