Former state school employee Roberts paid in $59K to teachers' pension fund, could collect $1.19M in retirement

By Local Labs News Service

Aug 1, 2017

Former state school employee Laura Roberts, who retired in July 2017, saved $58,840 toward a pension over 18 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Roberts would collect as much as $1.19 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Roberts received $24,989 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Roberts will have already received $77,239 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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