Dupage Policy Journal

Dupage Policy Journal

Friday, January 24, 2020

Former state school employee Sokolowski paid in $163K to teachers' pension fund, could collect $3.95M in retirement


By Local Labs News Service | Jul 1, 2016

Shutterstock 113962678

Former state school employee Linda Sokolowski, who retired in June 2016, saved $163,338 toward a pension over 29 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Sokolowski would collect as much as $3.95 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Sokolowski received $82,949 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Sokolowski will have already received $168,386 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 Marquardt School District 15 ?

Sign-up Next time we write about Marquardt School District 15, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Marquardt School District 15

More News