Former state school employee Bronny paid in $55K to teachers' pension fund, could collect $1.8M in retirement

By Local Labs News Service

Jul 1, 2016

Former state school employee Christopher Bronny, who retired in June 2016, saved $54,750 toward a pension over 21 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Bronny would collect as much as $1.8 million, according to a projection by Local Government Information Services (LGIS), which publishes NW Illinois News.

The projection assumes Bronny received $37,836 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Bronny will have already received $76,807 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Byron Community Unit School District 226

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