Former state school employee Kosier paid in $9K to teachers' pension fund, could collect $183K in retirement

By Local Labs News Service

Jun 1, 2018

Former state school employee Sandra Kosier, who retired in May 2018, saved $8,902 toward a pension over 8 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Kosier would collect as much as $182,769, according to a projection by Local Government Information Services (LGIS), which publishes NW Illinois News.

The projection assumes Kosier received $3,841 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Kosier will have already received $11,872 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Rock Falls Elementary School District 13 Board

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