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Former state school employee Rodriguez paid in $62K to teachers' pension fund, could collect $886K in retirement

Schools

By Local Labs News Service | Jul 1, 2016

Money 01

Former state school employee Linda Rodriguez, who retired in June 2016, saved $62,348 toward a pension over 15 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 $886,438, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Rodriguez received $18,632 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Rodriguez will have already received $77,950 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Glenview Community Consolidated School District 34

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