Former state school employee Bogart paid in $101K to teachers' pension fund, could collect $2.06M in retirement

By East Central Reporter Reports

Jun 1, 2016

Former state school employee Christine Bogart, who retired in May 2016, saved $100,842 toward a pension over 32 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Bogart would collect as much as $2.06 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Bogart received $43,272 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Bogart will have already received $133,749 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Shelbyville Community Unit School District 4

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