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Sangamon Sun

Sunday, December 22, 2024

Former state school employee Reznicek paid in $102K to teachers' pension fund, could collect $1.98M in retirement

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Former state school employee Debra Reznicek, who retired in May 2018, saved $101,586 toward a pension over 32 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Reznicek would collect as much as $1.98 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Reznicek received $41,620 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Reznicek will have already received $128,644 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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