Former state school employee Greenberg paid in $195K to teachers' pension fund, could collect $4.4M in retirement

By Local Labs News Service

Jul 1, 2017

Former state school employee Roxanne Greenberg, who retired in June 2017, saved $195,423 toward a pension over 40 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Greenberg would collect as much as $4.4 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Greenberg received $92,437 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Greenberg will have already received $285,713 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Rondout School District 72

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