Quantcast

Kankakee Times

Friday, April 26, 2024

Former state school employee Kurrle paid in $42K to teachers' pension fund, could collect $1.01M in retirement

Money 06

Former state school employee Jacqueline Kurrle, who retired in March 2016, saved $41,687 toward a pension over 16 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Kurrle would collect as much as $1.01 million, according to a projection by Local Government Information Services (LGIS), which publishes Kankakee Times.

The projection assumes Kurrle received $21,273 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Kurrle will have already received $43,184 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS