Sangamon Sun

Sangamon Sun

Sunday, October 20, 2019

Former state school employee Featherstone Bertucci paid in $128K to teachers' pension fund, could collect $2.03M in retirement


By Local Labs News Service | Jul 1, 2016

Former state school employee Cindy Featherstone Bertucci, who retired in June 2016, saved $127,794 toward a pension over 29 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Featherstone Bertucci would collect as much as $2.03 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Featherstone Bertucci received $42,749 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Featherstone Bertucci will have already received $132,132 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 Springfield School District 186 ?

Sign-up Next time we write about Springfield School District 186, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Springfield School District 186

More News