Dupage Policy Journal

Dupage Policy Journal

Thursday, November 14, 2019

Former state school employee Mizek paid in $122K to teachers' pension fund, could collect $2.25M in retirement


By Local Labs News Service | Jul 1, 2017

Shutterstock 450769633

Former state school employee Pamela Mizek, who retired in June 2017, saved $122,268 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, Mizek would collect as much as $2.25 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Mizek received $47,314 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Mizek will have already received $146,242 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