Former state school employee Sopocy paid in $259K to teachers' pension fund, could collect $6.05M in retirement

By Local Labs News Service

Jul 1, 2016

Former state school employee Kay Sopocy, who retired in June 2016, saved $259,005 toward a pension over 34 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Sopocy would collect as much as $6.05 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Sopocy received $127,257 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Sopocy will have already received $393,339 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Northfield Township High School District 225

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