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DeKalb Times

Saturday, November 23, 2024

Former state school employee Perkovich paid in $117K to teachers' pension fund, could collect $2.27M in retirement

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Former state school employee Christine Perkovich, who retired in June 2016, saved $117,134 toward a pension over 22 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Perkovich would collect as much as $2.27 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Perkovich received $47,663 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Perkovich will have already received $147,322 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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