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Chicago City Wire

Tuesday, December 24, 2024

Former principal Hoskins paid in $230K to teachers' pension fund, could collect $4.26M in retirement

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Former principal Rhonda Hoskins, who retired in August 2016, saved $229,918 toward a pension over 30 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Hoskins would collect as much as $4.26 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Hoskins received $89,475 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hoskins will have already received $276,558 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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