Quantcast

McLean County Times

Saturday, April 12, 2025

Former state school employee Mastronardi paid in $126K to teachers' pension fund, could collect $2.82M in retirement

Money041

Former state school employee Susan Mastronardi, who retired in May 2017, saved $126,044 toward a pension over 29 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Mastronardi would collect as much as $2.82 million, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.

The projection assumes Mastronardi received $59,323 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Mastronardi will have already received $183,362 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS