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McHenry Times

Sunday, November 24, 2024

Crystal Lake CCSD 47 Senyshyn paid in $47K to teachers pension fund, could collect $2.3 million in retirement

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Retired Crystal Lake CCSD 47 employee Crystal Senyshyn saved $47,209 toward her pension over 28 years working for public schools, Illinois Teachers' Retirement Fund (TRS) records show.

Over 35 years of retirement, Senyshyn would collect as much as $2.264 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

Senyshyn, 60, who currently lives in Crystal Lake earned $2,499 in her final year at Crystal Lake CCSD 47.

The projection assumes Senyshyn will receive $35,092 in her first year of retirement, then 3 percent annual increases thereafter, compounded.

After three years of retirement, Senyshyn will have already received $108,466 in retirement benefits, or more than the sum total of her contributions to the state teachers' pension fund.

According to the Illinois State Board of Education (ISBE), 45.2 percent of Crystal Lake CCSD 47 students met or exceeded the standards for the "PARCC" exams.

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