Former state school employee Kroll paid in $175K to teachers' pension fund, could collect $4.55M in retirement

By Local Labs News Service

Jun 1, 2016

Former state school employee Nancy Kroll, who retired in May 2016, saved $174,705 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, Kroll would collect as much as $4.55 million, according to a projection by Local Government Information Services (LGIS), which publishes Kane County Reporter.

The projection assumes Kroll received $95,616 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Kroll will have already received $194,100 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

St. Charles Community Unit School District 303

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.

Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.

Donate