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DeKalb Times

Sunday, November 24, 2024

Former state school employee Gorla paid in $173K to teachers' pension fund, could collect $2.38M in retirement

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Former state school employee Andrea Gorla, who retired in July 2017, saved $173,176 toward a pension over 17 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Gorla would collect as much as $2.38 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Gorla received $50,004 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Gorla will have already received $209,197 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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