Former state school employee Kroll paid in $54K to teachers' pension fund, could collect $798K in retirement

By Local Labs News Service

Apr 1, 2018

Former state school employee Robert Kroll, who retired in March 2018, saved $54,101 toward a pension over 10 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Kroll would collect as much as $798,033, according to a projection by Local Government Information Services (LGIS), which publishes Southern Illinois News.

The projection assumes Kroll received $16,774 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Kroll will have already received $70,175 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Illinois State Board Of Education

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