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Wednesday, February 26, 2020

Former state school employee Zbaraz paid in $139K to teachers' pension fund, could collect $2.82M in retirement

Schools

By Local Labs News Service | Jul 1, 2018

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Former state school employee Bonnie Zbaraz, who retired in June 2018, saved $138,699 toward a pension over 27 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Zbaraz would collect as much as $2.82 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Zbaraz received $59,206 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Zbaraz will have already received $182,999 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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