Former state school employee Mriscin paid in $58K to teachers' pension fund, could collect $1.15M in retirement

By East Central Reporter Reports

Feb 1, 2016

Former state school employee Ronald Mriscin, who retired in January 2016, saved $58,055 toward a pension over 22 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Mriscin would collect as much as $1.15 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Mriscin received $24,212 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Mriscin will have already received $74,836 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Eastern Il Area Spec Educ Coop

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