Will County Gazette

Will County Gazette

Thursday, February 27, 2020

Former state school employee Bayci paid in $43K to teachers' pension fund, could collect $843K in retirement


By Local Labs News Service | Jun 1, 2016

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Former state school employee Anna Bayci, who retired in May 2016, saved $42,680 toward a pension over 13 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Bayci would collect as much as $843,026, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.

The projection assumes Bayci received $17,719 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Bayci will have already received $54,769 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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