Quantcast

Sangamon Sun

Tuesday, November 26, 2024

Former state school employee Ciucci paid in $8K to teachers' pension fund, could collect $92K in retirement

Money041

Former state school employee Elizabeth Ciucci, who retired in May 2018, saved $7,818 toward a pension over 5 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Ciucci would collect as much as $91,784, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Ciucci received $1,929 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Ciucci will have already received $8,071 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