Lake County Gazette

Lake County Gazette

Wednesday, November 13, 2019

Former state school employee Roberti paid in $57K to teachers' pension fund, could collect $771K in retirement


By Local Labs News Service | Jul 1, 2018

Money 08

Former state school employee Grace Roberti, who retired in June 2018, saved $57,468 toward a pension over 14 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Roberti would collect as much as $770,613, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Roberti received $16,197 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Roberti will have already received $67,761 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Waukegan Community Unit School District 60

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