Quantcast

Sangamon Sun

Thursday, November 21, 2024

Former state school employee Baker Battagliotti paid in $116K to teachers' pension fund, could collect $2.34M in retirement

Money041

Former state school employee Myra Baker Battagliotti, who retired in July 2017, saved $116,119 toward a pension over 27 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Baker Battagliotti would collect as much as $2.34 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Baker Battagliotti received $49,179 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Baker Battagliotti will have already received $152,007 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS