West Cook News

West Cook News

Wednesday, December 11, 2019

Former state school employee Narcaroti paid in $115K to teachers' pension fund, could collect $1.98M in retirement

Schools

By West Cook News | May 1, 2017

Money836

Former state school employee Linda Narcaroti, who retired in April 2017, saved $115,448 toward a pension over 17 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Narcaroti would collect as much as $1.98 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.

The projection assumes Narcaroti received $41,722 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Narcaroti will have already received $128,959 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Hinsdale Township High School District 86

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