Former state school employee Kentner paid in $86K to teachers' pension fund, could collect $1.14M in retirement

By Local Labs News Service

Jul 1, 2016

Former state school employee Susan Kentner, who retired in June 2016, saved $85,696 toward a pension over 21 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Kentner would collect as much as $1.14 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Kentner received $24,030 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Kentner will have already received $100,534 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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