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South Cook News

Friday, August 1, 2025

Former state school employee Kurtz paid in $110K to teachers' pension fund, could collect $2.06M in retirement

Money759

Former state school employee Kim Kurtz, who retired in June 2018, saved $110,028 toward a pension over 26 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Kurtz would collect as much as $2.06 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Kurtz received $43,211 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Kurtz will have already received $133,560 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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