Former state school employee McAndrew paid in $204K to teachers' pension fund, could collect $3.68M in retirement

By Local Labs News Service

Jul 1, 2018

Former state school employee Maria McAndrew, who retired in June 2018, saved $204,255 toward a pension over 32 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, McAndrew would collect as much as $3.68 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes McAndrew received $77,328 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, McAndrew will have already received $239,013 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Evanston-Skokie Community Consolidated School District 65

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