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Kane County Reporter

Monday, November 25, 2024

Former state school employee Rutigliano paid in $95K to teachers' pension fund, could collect $1.53M in retirement

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Former state school employee Pamela Rutigliano, who retired in May 2017, saved $94,706 toward a pension over 15 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Rutigliano would collect as much as $1.53 million, according to a projection by Local Government Information Services (LGIS), which publishes Kane County Reporter.

The projection assumes Rutigliano received $32,101 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Rutigliano will have already received $99,221 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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