Former state school employee Kaczmarek paid in $188K to teachers' pension fund, could collect $3.38M in retirement

By Rock Island Today Reports

Jul 1, 2018

Former state school employee Mark Kaczmarek, who retired in June 2018, saved $188,114 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, Kaczmarek would collect as much as $3.38 million, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Kaczmarek received $71,103 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Kaczmarek will have already received $219,772 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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United Township High School District 30 Board

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