Dupage Policy Journal

Dupage Policy Journal

Wednesday, November 20, 2019

Former state school employee Stybr paid in $49K to teachers' pension fund, could collect $1.25M in retirement

Schools

By Local Labs News Service | Jan 1, 2017

Money272

Former state school employee Denise Stybr, who retired in December 2016, saved $49,370 toward a pension over 15 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Stybr would collect as much as $1.25 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Stybr received $26,221 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Stybr will have already received $53,229 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 SASED ?

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

Organizations in this Story

SASED

More News