Former state school employee Andrighetti paid in $18K to teachers' pension fund, could collect $577K in retirement

By East Central Reporter Reports

Jul 1, 2018

Former state school employee Sandra Andrighetti, who retired in June 2018, saved $17,576 toward a pension over 5 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Andrighetti would collect as much as $576,870, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Andrighetti received $12,125 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Andrighetti will have already received $24,614 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

Teachers' Retirement System of the State of Illinois

!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