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West Cook News

Monday, November 25, 2024

Former state school employee Leyva Trotta paid in $180K to teachers' pension fund, could collect $3.93M in retirement

Money 06

Former state school employee Carmen Leyva Trotta, who retired in May 2017, saved $179,712 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, Leyva Trotta would collect as much as $3.93 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.

The projection assumes Leyva Trotta received $82,608 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Leyva Trotta will have already received $255,333 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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