Quantcast

North Cook News

Thursday, December 26, 2024

Former state school employee Rodriguez paid in $207K to teachers' pension fund, could collect $4.55M in retirement

Shutterstock 469426916

Former state school employee Christine Rodriguez, who retired in June 2018, saved $206,796 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Rodriguez would collect as much as $4.55 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Rodriguez received $95,691 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Rodriguez will have already received $295,772 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