Former state school employee McBride paid in $52K to teachers' pension fund, could collect $676K in retirement

By West Cook News

Jul 1, 2018

Former state school employee Mary McBride, who retired in June 2018, saved $51,870 toward a pension over 9 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, McBride would collect as much as $675,780, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.

The projection assumes McBride received $14,204 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, McBride will have already received $59,424 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Western Springs School District 101

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