Former state school employee Leprich paid in $80K to teachers' pension fund, could collect $1.43M in retirement

By Local Labs News Service

Jun 1, 2018

Former state school employee Antoinette Leprich, who retired in May 2018, saved $80,442 toward a pension over 21 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Leprich would collect as much as $1.43 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Leprich received $29,996 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Leprich will have already received $92,715 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

Community High School District 117

!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