Former state school employee Friberg paid in $134K to teachers' pension fund, could collect $3.24M in retirement

By Local Labs News Service

Mar 1, 2016

Former state school employee Judith Friberg, who retired in February 2016, saved $133,862 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, Friberg would collect as much as $3.24 million, according to a projection by Local Government Information Services (LGIS), which publishes Rockford Sun.

The projection assumes Friberg received $68,205 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Friberg will have already received $138,456 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Rockford School District 205

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