Quantcast

Quincy Reporter

Saturday, May 10, 2025

Former state school employee Hoskins paid in $21K to teachers' pension fund, could collect $687K in retirement

Money 07

Former state school employee Kelsea Hoskins, who retired in April 2017, saved $21,356 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, Hoskins would collect as much as $687,283, according to a projection by Local Government Information Services (LGIS), which publishes Quincy Reporter.

The projection assumes Hoskins received $14,446 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Hoskins will have already received $29,325 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

!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

MORE NEWS