North Cook News

North Cook News

Friday, February 21, 2020

Former state school employee Haberl paid in $24K to teachers' pension fund, could collect $378K in retirement

Schools

By Local Labs News Service | Apr 1, 2017

Money 04

Former state school employee Ann Haberl, who retired in March 2017, saved $24,090 toward a pension over 8 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Haberl would collect as much as $377,784, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Haberl received $7,940 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Haberl will have already received $24,541 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

Want to get notified whenever we write about Schaumburg Community Consolidated School District 54 ?

Sign-up Next time we write about Schaumburg Community Consolidated School District 54, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Schaumburg Community Consolidated School District 54

More News