Former state school employee Krstic paid in $101K to teachers' pension fund, could collect $2.18M in retirement

By Rock Island Today Reports

Jun 1, 2016

Former state school employee Marcia Krstic, who retired in May 2016, saved $101,409 toward a pension over 37 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Krstic would collect as much as $2.18 million, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Krstic received $45,873 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Krstic will have already received $141,788 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

Mercer County School District 404 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