Former state school employee Traylor paid in $115K to teachers' pension fund, could collect $1.93M in retirement

By Rock Island Today Reports

Jul 1, 2017

Former state school employee Kevin Traylor, who retired in June 2017, saved $114,555 toward a pension over 19 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Traylor would collect as much as $1.93 million, according to a projection by Local Government Information Services (LGIS), which publishes Rock Island Today.

The projection assumes Traylor received $40,511 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Traylor will have already received $125,215 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

Rock Island-Milan School District 41 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