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South Cook News

Wednesday, December 25, 2024

Former state school employee Prybys paid in $130K to teachers' pension fund, could collect $2.69M in retirement

Money 08

Former state school employee Vickie Prybys, who retired in June 2016, saved $129,896 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, Prybys would collect as much as $2.69 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Prybys received $56,514 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Prybys will have already received $174,678 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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