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South Cook News

Thursday, April 25, 2024

Former state school employee Kustusch paid in $52K to teachers' pension fund, could collect $848K in retirement

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Former state school employee Sandra Kustusch, who retired in June 2018, saved $52,183 toward a pension over 14 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Kustusch would collect as much as $848,319, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Kustusch received $17,831 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Kustusch will have already received $55,114 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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