Former state school employee Kramer paid in $106K to teachers' pension fund, could collect $1.87M in retirement

By Local Labs News Service

Jun 1, 2018

Former state school employee Brenda Kramer, who retired in May 2018, saved $105,596 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, Kramer would collect as much as $1.87 million, according to a projection by Local Government Information Services (LGIS), which publishes North Egypt News.

The projection assumes Kramer received $39,263 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Kramer will have already received $121,358 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Sesser-Valier Community Unit School District 196

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