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Saturday, April 20, 2024

Here are the 4 former employees of the Village of Grant Park receiving the highest annual pension payouts

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Here are the 4 former employees of the Village of Grant Park receiving the highest annual pension payouts, according to 2015 Illinois Municipal Retirement Fund (IMRF) records:

Name
Total saved over career
Projected Total Collections
Year Retired
Years Retired
Total Collected (Retirement through 2016)
2016 Pension
Original Benefit
Johnson, Michael L.
$23,638
$568,262
2010
6
$66,328
$10,243
$8,850
Loitz, Patricia A.
$12,861
$436,532
2009
7
$59,225
$8,101
$6,794
Boicken, Gerald M.
$2,500
$226,134
2000
16
$76,792
$5,396
$3,670
Mittag, Elden
$7,421
$223,169
2002
14
$64,458
$5,046
$3,572

Projected total collections assume 36 years of retirement.

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