Former state school employee Hoskins paid in $151K to teachers' pension fund, could collect $3.27M in retirement

By Local Labs News Service

Jul 1, 2018

Former state school employee Cynthia Hoskins, who retired in June 2018, saved $150,735 toward a pension over 33 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Hoskins would collect as much as $3.27 million, according to a projection by Local Government Information Services (LGIS), which publishes SE Illinois News.

The projection assumes Hoskins received $68,679 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hoskins will have already received $212,279 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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