Former state school employee Kull paid in $100K to teachers' pension fund, could collect $1.97M in retirement

By East Central Reporter Reports

Jun 1, 2018

Former state school employee Carla Kull, who retired in May 2018, saved $99,661 toward a pension over 33 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Kull would collect as much as $1.97 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Kull received $41,479 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Kull will have already received $128,207 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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