Former state school employee Lynk paid in $3K to teachers' pension fund, could collect $149K in retirement

By Local Labs News Service

Aug 1, 2018

Former state school employee Mary Lynk, who retired in July 2018, saved $2,807 toward a pension over 2 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Lynk would collect as much as $148,715, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Lynk received $3,125 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Lynk will have already received $3,125 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Northbrook School District 28

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