Former state school employee Hubberts paid in $16K to teachers' pension fund, could collect $687K in retirement

By Local Labs News Service

May 1, 2016

Former state school employee Diana Hubberts, who retired in April 2016, saved $15,786 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, Hubberts would collect as much as $686,872, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Hubberts received $14,437 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Hubberts will have already received $29,307 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Adlai E. Stevenson High School District 125

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