Former state school employee Vitali paid in $7K to teachers' pension fund, could collect $314K in retirement

By Rock Island Today Reports

Jun 1, 2016

Former state school employee Roberta Vitali, who retired in May 2016, saved $7,042 toward a pension over 6 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Vitali would collect as much as $313,649, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Vitali received $6,592 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Vitali will have already received $13,382 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Wethersfield Community Unit School District 230

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