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South Cook News

Saturday, May 18, 2024

Former state school employee Danta Skager paid in $109K to teachers' pension fund, could collect $2.02M in retirement

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Former state school employee Diane Danta Skager, who retired in May 2016, saved $108,888 toward a pension over 23 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Danta Skager would collect as much as $2.02 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Danta Skager received $42,553 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Danta Skager will have already received $131,528 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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