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Chambana Sun

Wednesday, April 30, 2025

Former state school employee Kietzman paid in $123K to teachers' pension fund, could collect $2.88M in retirement

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Former state school employee Michael Kietzman, who retired in June 2017, saved $122,596 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, Kietzman would collect as much as $2.88 million, according to a projection by Local Government Information Services (LGIS), which publishes Chambana Sun.

The projection assumes Kietzman received $60,619 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Kietzman will have already received $123,057 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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