Quantcast

Sangamon Sun

Wednesday, April 30, 2025

Former state school employee Burns paid in $72K to teachers' pension fund, could collect $1.54M in retirement

Money 06

Former state school employee Kendall Burns, who retired in December 2017, saved $72,425 toward a pension over 23 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Burns would collect as much as $1.54 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Burns received $32,457 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Burns will have already received $100,322 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS