Quantcast

Sangamon Sun

Friday, July 18, 2025

Former state school employee Bogart paid in $76K to teachers' pension fund, could collect $1.41M in retirement

Shutterstock 443523118

Former state school employee Kathy Bogart, who retired in May 2017, saved $76,012 toward a pension over 20 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Bogart would collect as much as $1.41 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Bogart received $29,538 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Bogart will have already received $91,299 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS