Quantcast

Metro East Sun

Wednesday, April 24, 2024

Former state school employee Rogers paid in $72K to teachers' pension fund, could collect $1.05M in retirement

Shutterstock 369740408

Former state school employee Tina Rogers, who retired in October 2018, saved $72,163 toward a pension over 15 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Rogers would collect as much as $1.05 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Rogers received $22,068 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Rogers will have already received $92,324 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