Former state school employee Musschoot paid in $170K to teachers' pension fund, could collect $3.77M in retirement

By Local Labs News Service

Jul 1, 2016

Former state school employee Judith Musschoot, who retired in June 2016, saved $170,084 toward a pension over 26 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Musschoot would collect as much as $3.77 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Musschoot received $79,291 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Musschoot will have already received $245,081 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Barrington Community Unit School District 220

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