Former state school employee Harris paid in $106K to teachers' pension fund, could collect $2.4M in retirement

By Rock Island Today Reports

Jun 1, 2018

Former state school employee Kathryn Harris, who retired in May 2018, saved $105,552 toward a pension over 28 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Harris would collect as much as $2.4 million, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Harris received $50,342 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Harris will have already received $155,602 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

Orion Community Unit School District 223

!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