Former state school employee Keime paid in $116K to teachers' pension fund, could collect $2.93M in retirement

By Local Labs News Service

Jun 1, 2017

Former state school employee Susan Keime, who retired in May 2017, saved $116,238 toward a pension over 39 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Keime would collect as much as $2.93 million, according to a projection by Local Government Information Services (LGIS), which publishes NW Illinois News.

The projection assumes Keime received $61,543 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Keime will have already received $124,932 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Morrison Community Unit School District 6

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