Dupage Policy Journal

Dupage Policy Journal

Thursday, February 27, 2020

Former state school employee Potocki paid in $173K to teachers' pension fund, could collect $4.13M in retirement


By Local Labs News Service | Jul 1, 2017


Former state school employee Barbara Potocki, who retired in June 2017, saved $173,298 toward a pension over 41 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Potocki would collect as much as $4.13 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Potocki received $86,704 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Potocki will have already received $176,009 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Downers Grove Grade School District 58

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