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Will County Gazette

Saturday, November 23, 2024

Former state school employee Pasky paid in $110K to teachers' pension fund, could collect $2.7M in retirement

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Former state school employee Bonnie Pasky, who retired in June 2016, saved $110,336 toward a pension over 28 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Pasky would collect as much as $2.7 million, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.

The projection assumes Pasky received $56,760 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Pasky will have already received $115,223 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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