Dupage Policy Journal

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Former state school employee Church paid in $150K to teachers' pension fund, could collect $3.31M in retirement

Schools

By Local Labs News Service | Aug 1, 2016


Former state school employee Cynthia Church, who retired in July 2016, saved $150,346 toward a pension over 23 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Church would collect as much as $3.31 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Church received $69,558 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Church will have already received $214,997 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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