Quantcast

Sangamon Sun

Tuesday, April 29, 2025

Former state school employee Hill paid in $46K to teachers' pension fund, could collect $1.31M in retirement

Shutterstock 65427295

Former state school employee Kristine Hill, who retired in November 2016, saved $46,088 toward a pension over 18 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Hill would collect as much as $1.31 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Hill received $27,600 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Hill will have already received $56,028 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

!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