Dupage Policy Journal

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

Schools

By Local Labs News Service | Jun 1, 2018


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.

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