Former state school employee Glaser paid in $19K to teachers' pension fund, could collect $437K in retirement

By Local Labs News Service

May 1, 2017

Former state school employee Sally Glaser, who retired in April 2017, saved $18,616 toward a pension over 7 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Glaser would collect as much as $437,370, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.

The projection assumes Glaser received $9,193 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Glaser will have already received $18,662 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

Troy Community Consolidated School District 30c Board

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.

Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.

Donate