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Sangamon Sun

Sunday, June 8, 2025

Former state school employee Kacvinsky paid in $108K to teachers' pension fund, could collect $2.18M in retirement

Money 01

Former state school employee Janet Kacvinsky, who retired in June 2018, saved $107,692 toward a pension over 20 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Kacvinsky would collect as much as $2.18 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Kacvinsky received $45,743 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Kacvinsky will have already received $141,386 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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