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McHenry Times

Monday, May 20, 2024

Former state school employee Kuhn paid in $56K to teachers' pension fund, could collect $726K in retirement

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Former state school employee Deborah Kuhn, who retired in September 2017, saved $56,330 toward a pension over 13 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Kuhn would collect as much as $725,945, according to a projection by Local Government Information Services (LGIS), which publishes McHenry Times.

The projection assumes Kuhn received $15,258 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Kuhn will have already received $63,834 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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