Quantcast

Will County Gazette

Wednesday, April 24, 2024

Former state school employee Kreml Mulka paid in $79K to teachers' pension fund, could collect $1.93M in retirement

Money272

Former state school employee Kathleen Kreml Mulka, who retired in May 2016, saved $78,872 toward a pension over 27 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Kreml Mulka would collect as much as $1.93 million, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.

The projection assumes Kreml Mulka received $40,494 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Kreml Mulka will have already received $82,203 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

!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