Dupage Policy Journal

Dupage Policy Journal

Friday, October 18, 2019

Former state school employee Krone paid in $7K to teachers' pension fund, could collect $185K in retirement

Schools

By Local Labs News Service | Aug 1, 2018


Former state school employee Suzette Krone, who retired in July 2018, saved $7,414 toward a pension over 5 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Krone would collect as much as $185,321, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Krone received $3,895 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Krone will have already received $7,907 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

Want to get notified whenever we write about Downers Grove Grade School District 58 ?

Sign-up Next time we write about Downers Grove Grade School District 58, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Downers Grove Grade School District 58

More News