Dupage Policy Journal

Dupage Policy Journal

Tuesday, November 12, 2019

Former state school employee Lopez paid in $83K to teachers' pension fund, could collect $1.45M in retirement


By Local Labs News Service | Jul 1, 2016

Money 02

Former state school employee Sheri Lopez, who retired in June 2016, saved $83,167 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, Lopez would collect as much as $1.45 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Lopez received $30,439 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Lopez will have already received $94,084 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

Want to get notified whenever we write about Downers Grove Grade School District 58 ?

Sign-up Next time we write about Downers Grove Grade School District 58, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Downers Grove Grade School District 58

More News