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Sangamon Sun

Tuesday, November 26, 2024

Former state school employee Strohl Kissel paid in $115K to teachers' pension fund, could collect $2.04M in retirement

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Former state school employee Darla Strohl Kissel, who retired in October 2017, saved $115,213 toward a pension over 28 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Strohl Kissel would collect as much as $2.04 million, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Strohl Kissel received $42,914 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Strohl Kissel will have already received $132,642 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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