Former state school employee Goldman paid in $10K to teachers' pension fund, could collect $548K in retirement

By Local Labs News Service

Apr 1, 2016

Former state school employee Marcy Goldman, who retired in March 2016, saved $10,293 toward a pension over 6 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Goldman would collect as much as $548,462, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Goldman received $11,528 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Goldman will have already received $11,528 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

Seja 804 Nssed

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.

Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.

Donate