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McHenry Times

Wednesday, April 23, 2025

Former state school employee Kantecki paid in $38K to teachers' pension fund, could collect $680K in retirement

Money272

Former state school employee Cheryl Kantecki, who retired in May 2017, saved $37,813 toward a pension over 12 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Kantecki would collect as much as $679,742, according to a projection by Local Government Information Services (LGIS), which publishes McHenry Times.

The projection assumes Kantecki received $14,287 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Kantecki will have already received $44,160 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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