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Dupage Policy Journal

Monday, November 25, 2024

Former state school employee Abou El Seoud paid in $110K to teachers' pension fund, could collect $1.86M in retirement

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Former state school employee Fotini Abou El Seoud, who retired in January 2017, saved $109,524 toward a pension over 20 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Abou El Seoud would collect as much as $1.86 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Abou El Seoud received $39,074 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Abou El Seoud will have already received $120,773 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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