Former state school employee Rose paid in $71K to teachers' pension fund, could collect $1.49M in retirement

By Local Labs News Service

Jun 1, 2016

Former state school employee Linda Rose, who retired in May 2016, saved $71,213 toward a pension over 19 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Rose would collect as much as $1.49 million, according to a projection by Local Government Information Services (LGIS), which publishes McHenry Times.

The projection assumes Rose received $31,214 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Rose will have already received $96,479 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Community Unit School District 300 Board

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