Former state school employee Golimowski paid in $13K to teachers' pension fund, could collect $293K in retirement

By Local Labs News Service

Jul 1, 2017

Former state school employee Mary Golimowski, who retired in June 2017, saved $12,992 toward a pension over 12 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Golimowski would collect as much as $292,954, according to a projection by Local Government Information Services (LGIS), which publishes Illinois Valley Times.

The projection assumes Golimowski received $6,157 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Golimowski will have already received $19,031 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Morris School District 54

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