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Dupage Policy Journal

Friday, April 26, 2024

Former state school employee Trygar paid in $79K to teachers' pension fund, could collect $1.09M in retirement

Money 01

Former state school employee Lynda Trygar, who retired in March 2017, saved $79,029 toward a pension over 17 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Trygar would collect as much as $1.09 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Trygar received $22,972 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Trygar will have already received $96,106 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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