Former state school employee Liveris paid in $157K to teachers' pension fund, could collect $2.56M in retirement

By Local Labs News Service

Aug 1, 2018

Former state school employee Laura Liveris, who retired in July 2018, saved $156,513 toward a pension over 20 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Liveris would collect as much as $2.56 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Liveris received $53,827 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Liveris will have already received $166,374 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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