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Quincy Reporter

Friday, November 22, 2024

Former state school employee Klukowska paid in $50K to teachers' pension fund, could collect $803K in retirement

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Former state school employee Maria Klukowska, who retired in June 2017, saved $49,647 toward a pension over 16 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Klukowska would collect as much as $802,812, according to a projection by Local Government Information Services (LGIS), which publishes Quincy Reporter.

The projection assumes Klukowska received $16,874 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Klukowska will have already received $52,155 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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