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South Cook News

Saturday, May 4, 2024

Former state school employee McCune Angelini paid in $216K to teachers' pension fund, could collect $4.72M in retirement

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Former state school employee Dawn McCune Angelini, who retired in July 2016, saved $216,251 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, McCune Angelini would collect as much as $4.72 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes McCune Angelini received $99,217 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, McCune Angelini will have already received $306,671 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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