Former state school employee Criscione paid in $204K to teachers' pension fund, could collect $5.08M in retirement

By West Cook News

Aug 1, 2016

Former state school employee B. Criscione, who retired in July 2016, saved $203,806 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Criscione would collect as much as $5.08 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.

The projection assumes Criscione received $106,751 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Criscione will have already received $216,705 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Komarek School District 94

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