Former state school employee Gutierrez paid in $205K to teachers' pension fund, could collect $4.87M in retirement

By Local Labs News Service

Jun 1, 2018

Former state school employee Kelly Gutierrez, who retired in May 2018, saved $204,564 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, Gutierrez would collect as much as $4.87 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Gutierrez received $102,266 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Gutierrez will have already received $207,600 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Bloom Township High School District 206 Board

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