Former state school employee Mekeel paid in $94K to teachers' pension fund, could collect $2.01M in retirement

By Local Labs News Service

Jun 1, 2018

Former state school employee Kathleen Mekeel, who retired in May 2018, saved $93,887 toward a pension over 28 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Mekeel would collect as much as $2.01 million, according to a projection by Local Government Information Services (LGIS), which publishes NW Illinois News.

The projection assumes Mekeel received $42,309 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Mekeel will have already received $130,772 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Amboy Community Unit School District 272

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