Former state school employee Kuffel paid in $325K to teachers' pension fund, could collect $7.77M in retirement

By Rock Island Today Reports

Jul 1, 2018

Former state school employee Scott Kuffel, who retired in June 2018, saved $324,843 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Kuffel would collect as much as $7.77 million, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Kuffel received $163,395 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Kuffel will have already received $331,692 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Geneseo Community Unit School District 228

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