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Former state school employee Krismanits paid in $102K to teachers' pension fund, could collect $1.86M in retirement

Schools

By Rock Island Today Reports | Jul 1, 2017

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Former state school employee Susan Krismanits, who retired in June 2017, saved $101,608 toward a pension over 21 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Krismanits would collect as much as $1.86 million, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Krismanits received $39,131 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Krismanits will have already received $120,950 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Moline Coal Valley Community Unit School District 40

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