Dupage Policy Journal

Dupage Policy Journal

Monday, November 18, 2019

Former state school employee Mulattieri paid in $199K to teachers' pension fund, could collect $4.57M in retirement


By Local Labs News Service | Apr 1, 2016

Shutterstock 385535740

Former state school employee Karen Mulattieri, who retired in March 2016, saved $199,168 toward a pension over 33 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Mulattieri would collect as much as $4.57 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Mulattieri received $95,992 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Mulattieri will have already received $296,702 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 Elmhurst Community Unit School District 205 ?

Sign-up Next time we write about Elmhurst Community Unit School District 205, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Elmhurst Community Unit School District 205

More News