Former state school employee Lopata paid in $214K to teachers' pension fund, could collect $5.79M in retirement

By West Cook News

Jun 1, 2016

Former state school employee Margaret Lopata, who retired in May 2016, saved $214,474 toward a pension over 47 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Lopata would collect as much as $5.79 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.

The projection assumes Lopata received $121,743 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Lopata will have already received $247,138 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Elmwood Park Community Unit School District

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