Former state school employee Kuhlmyer paid in $119K to teachers' pension fund, could collect $2.87M in retirement

By Local Labs News Service

Jul 1, 2018

Former state school employee Susan Kuhlmyer, who retired in June 2018, saved $118,798 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, Kuhlmyer would collect as much as $2.87 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Kuhlmyer received $60,259 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Kuhlmyer will have already received $122,326 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Lincoln Elementary School District 27

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