Former state school employee Borchelt paid in $14K to teachers' pension fund, could collect $326K in retirement

By Local Labs News Service

Jun 1, 2016

Former state school employee Cylista Borchelt, who retired in May 2016, saved $13,797 toward a pension over 6 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Borchelt would collect as much as $326,380, according to a projection by Local Government Information Services (LGIS), which publishes Kendall County Times.

The projection assumes Borchelt received $6,860 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Borchelt will have already received $13,926 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Plano Community Unit School District 88

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