Former state school employee Moran Wawak paid in $177K to teachers' pension fund, could collect $3.49M in retirement

By Local Labs News Service

Jul 1, 2018

Former state school employee Barbara Moran Wawak, who retired in June 2018, saved $177,463 toward a pension over 33 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Moran Wawak would collect as much as $3.49 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Moran Wawak received $73,253 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Moran Wawak will have already received $226,419 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

River Trails School District 26

!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