Dupage Policy Journal

Dupage Policy Journal

Friday, January 24, 2020

Former state school employee Stranski paid in $8K to teachers' pension fund, could collect $151K in retirement


By Local Labs News Service | Jun 1, 2018

Shutterstock 121161052

Former state school employee Corrine Stranski, who retired in May 2018, saved $8,342 toward a pension over 7 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Stranski would collect as much as $150,793, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Stranski received $3,169 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Stranski will have already received $9,795 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 Cass School District 63 ?

Sign-up Next time we write about Cass School District 63, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Cass School District 63

More News