Quantcast

South Cook News

Friday, April 26, 2024

Former state school employee Pliszka paid in $109K to teachers' pension fund, could collect $2.23M in retirement

Shutterstock 65427295

Former state school employee Barbara Pliszka, who retired in June 2018, saved $109,371 toward a pension over 26 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Pliszka would collect as much as $2.23 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Pliszka received $46,944 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Pliszka will have already received $145,099 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS