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South Cook News

Sunday, April 20, 2025

Former state school employee Kubicki paid in $113K to teachers' pension fund, could collect $1.98M in retirement

Money 08

Former state school employee Sarah Kubicki, who retired in May 2017, saved $112,923 toward a pension over 20 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Kubicki would collect as much as $1.98 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Kubicki received $41,694 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Kubicki will have already received $128,872 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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