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West Cook News

Monday, November 18, 2024

Former state school employee Dukic paid in $227K to teachers' pension fund, could collect $5.18M in retirement

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Former state school employee Mirjana Dukic, who retired in July 2017, saved $227,051 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, Dukic would collect as much as $5.18 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.

The projection assumes Dukic received $108,846 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Dukic will have already received $336,431 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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