Quantcast

South Cook News

Sunday, April 20, 2025

Former state school employee Erffmeyer paid in $197K to teachers' pension fund, could collect $3.92M in retirement

Money272

Former state school employee Bridget Erffmeyer, who retired in June 2018, saved $196,619 toward a pension over 37 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Erffmeyer would collect as much as $3.92 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Erffmeyer received $82,299 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Erffmeyer will have already received $254,378 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