Former state school employee Yackley paid in $22K to teachers' pension fund, could collect $683K in retirement

By Local Labs News Service

Oct 1, 2018

Former state school employee Kimberly Yackley, who retired in September 2018, saved $21,629 toward a pension over 13 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Yackley would collect as much as $683,230, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.

The projection assumes Yackley received $14,361 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Yackley will have already received $29,153 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

Troy Community Consolidated School District 30c Board

!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