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Dupage Policy Journal

Thursday, April 25, 2024

Former state school employee Diehl paid in $127K to teachers' pension fund, could collect $2.13M in retirement

Money 08

Former state school employee Kimberli Diehl, who retired in June 2016, saved $126,656 toward a pension over 25 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Diehl would collect as much as $2.13 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Diehl received $44,721 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Diehl will have already received $138,229 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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