Quantcast

Will County Gazette

Monday, November 25, 2024

Former state school employee Jurczak Miller paid in $186K to teachers' pension fund, could collect $3.17M in retirement

Shutterstock 65427295

Former state school employee Kathleen Jurczak Miller, who retired in May 2016, saved $185,530 toward a pension over 32 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Jurczak Miller would collect as much as $3.17 million, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.

The projection assumes Jurczak Miller received $66,653 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Jurczak Miller will have already received $206,019 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS