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Wednesday, April 8, 2020

Former state school employee Viktora paid in $249K to teachers' pension fund, could collect $6.53M in retirement


By Local Labs News Service | Jul 1, 2016

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Former state school employee Deborah Viktora, who retired in June 2016, saved $249,094 toward a pension over 44 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Viktora would collect as much as $6.53 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Viktora received $137,228 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Viktora will have already received $278,573 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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