Chicago City Wire

Chicago City Wire

Monday, February 17, 2020

Former assistant principal Zigulich paid in $126K to teachers' pension fund, could collect $2.41M in retirement

Schools

By Local Labs News Service | Jan 1, 2018

Money041

Former assistant principal Sharon Zigulich, who retired in December 2017, saved $125,671 toward a pension over 22 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Zigulich would collect as much as $2.41 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Zigulich received $50,670 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Zigulich will have already received $156,616 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

Want to get notified whenever we write about Chicago Public Schools ?

Sign-up Next time we write about Chicago Public Schools, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Chicago Public Schools

More News