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Lake County Gazette

Tuesday, April 23, 2024

Former state school employee Christensen paid in $68K to teachers' pension fund, could collect $992K in retirement

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Former state school employee Ligia Christensen, who retired in June 2018, saved $68,155 toward a pension over 14 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Christensen would collect as much as $992,141, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Christensen received $20,854 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Christensen will have already received $87,246 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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