Former state school employee Bridge paid in $97K to teachers' pension fund, could collect $1.99M in retirement

By Local Labs News Service

Jun 1, 2016

Former state school employee Patricia Bridge, who retired in May 2016, saved $96,741 toward a pension over 21 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Bridge would collect as much as $1.99 million, according to a projection by Local Government Information Services (LGIS), which publishes Kendall County Times.

The projection assumes Bridge received $41,827 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Bridge will have already received $129,283 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Oswego Community Unit School District 308

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