Former state school employee Blatz paid in $8K to teachers' pension fund, could collect $368K in retirement

By Local Labs News Service

Apr 1, 2016

Former state school employee Mary Blatz, who retired in March 2016, saved $7,791 toward a pension over 8 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Blatz would collect as much as $367,685, according to a projection by Local Government Information Services (LGIS), which publishes NW Illinois News.

The projection assumes Blatz received $7,728 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Blatz will have already received $15,688 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Sterling Community Unit District 5 Board

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