Quantcast

Illinois Valley Times

Friday, November 22, 2024

Former state school employee Gozner paid in $95K to teachers' pension fund, could collect $2.05M in retirement

Shutterstock 233512279

Former state school employee Merrie Gozner, who retired in June 2016, saved $95,065 toward a pension over 34 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Gozner would collect as much as $2.05 million, according to a projection by Local Government Information Services (LGIS), which publishes Illinois Valley Times.

The projection assumes Gozner received $43,030 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Gozner will have already received $133,002 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS