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South Cook News

Monday, May 20, 2024

Former state school employee Dellaria paid in $52K to teachers' pension fund, could collect $872K in retirement

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Former state school employee Anita Dellaria, who retired in May 2016, saved $52,394 toward a pension over 10 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Dellaria would collect as much as $871,948, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Dellaria received $18,327 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Dellaria will have already received $56,647 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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