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West Cook News

Saturday, November 23, 2024

Former state school employee Mohrhusen paid in $162K to teachers' pension fund, could collect $4.08M in retirement

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Former state school employee Marianne Mohrhusen, who retired in May 2016, saved $162,466 toward a pension over 37 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Mohrhusen would collect as much as $4.08 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.

The projection assumes Mohrhusen received $85,680 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Mohrhusen will have already received $173,930 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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