Quantcast

Grundy Reporter

Monday, December 23, 2024

Former state school employee Mulopulos paid in $23K to teachers' pension fund, could collect $863K in retirement

Money836

Former state school employee Diane Mulopulos, who retired in November 2016, saved $23,146 toward a pension over 11 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Mulopulos would collect as much as $862,688, according to a projection by Local Government Information Services (LGIS), which publishes Grundy Reporter.

The projection assumes Mulopulos received $18,133 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Mulopulos will have already received $36,810 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

!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