Quantcast

North Cook News

Saturday, April 20, 2024

Former state school employee Rosic paid in $93K to teachers' pension fund, could collect $1.74M in retirement

Shutterstock 469426916

Former state school employee Mary Rosic, who retired in June 2016, saved $93,280 toward a pension over 26 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Rosic would collect as much as $1.74 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Rosic received $36,470 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Rosic will have already received $112,725 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

!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