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Kane County Reporter

Thursday, April 25, 2024

Former state school employee Roman Delorenzano paid in $95K to teachers' pension fund, could collect $1.56M in retirement

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Former state school employee Minerva Roman Delorenzano, who retired in June 2018, saved $94,975 toward a pension over 18 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Roman Delorenzano would collect as much as $1.56 million, according to a projection by Local Government Information Services (LGIS), which publishes Kane County Reporter.

The projection assumes Roman Delorenzano received $32,831 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Roman Delorenzano will have already received $101,477 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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