Former state school employee Roth paid in $7K to teachers' pension fund, could collect $122K in retirement

By Local Labs News Service

Feb 1, 2016

Former state school employee Linda Roth, who retired in January 2016, saved $7,002 toward a pension over 4 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Roth would collect as much as $122,207, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Roth received $2,568 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Roth will have already received $7,937 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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East Maine School District 63

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