Wednesday, November 20, 2019
Former state school employee Stybr paid in $49K to teachers' pension fund, could collect $1.25M in retirement
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
Next time we write about
we'll email you a link to the story. You may edit your settings or unsubscribe at any time.
Organizations in this Story