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South Cook News

Friday, April 26, 2024

Former state school employee Dubish paid in $119K to teachers' pension fund, could collect $2.5M in retirement

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Former state school employee Pamela Dubish, who retired in June 2016, saved $118,965 toward a pension over 34 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Dubish would collect as much as $2.5 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Dubish received $52,575 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Dubish will have already received $162,504 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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