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South Cook News

Wednesday, December 25, 2024

Former state school employee Kocinski paid in $6K to teachers' pension fund, could collect $117K in retirement

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Former state school employee Susan Kocinski, who retired in June 2016, saved $6,092 toward a pension over 2 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Kocinski would collect as much as $117,064, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Kocinski received $2,460 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Kocinski will have already received $7,604 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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