Chicago City Wire

Chicago City Wire

Friday, February 28, 2020

Former teacher Blottiaux paid in $107K to teachers' pension fund, could collect $1.48M in retirement

Schools

By Local Labs News Service | Feb 1, 2018

Money759

Former teacher Renee Blottiaux, who retired in January 2018, saved $106,903 toward a pension over 24 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Blottiaux would collect as much as $1.48 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Blottiaux received $31,115 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Blottiaux will have already received $130,171 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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