Former state school employee Adams paid in $129K to teachers' pension fund, could collect $2.71M in retirement

By Local Labs News Service

Jul 1, 2016

Former state school employee Kathy Adams, who retired in June 2016, saved $128,783 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Adams would collect as much as $2.71 million, according to a projection by Local Government Information Services (LGIS), which publishes Southern Illinois News.

The projection assumes Adams received $57,063 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Adams will have already received $176,376 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Vienna School District 55 Board

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