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Kane County Reporter

Thursday, April 3, 2025

Former state school employee Mills paid in $175K to teachers' pension fund, could collect $3.92M in retirement

Money 01

Former state school employee Kathryn Mills, who retired in May 2016, saved $175,119 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Mills would collect as much as $3.92 million, according to a projection by Local Government Information Services (LGIS), which publishes Kane County Reporter.

The projection assumes Mills received $82,415 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Mills will have already received $254,736 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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