Former state school employee Jordan paid in $91K to teachers' pension fund, could collect $2.11M in retirement

By Local Labs News Service

Jul 1, 2016

Former state school employee Kim Jordan, who retired in June 2016, saved $91,113 toward a pension over 24 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Jordan would collect as much as $2.11 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Jordan received $44,249 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Jordan will have already received $136,768 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Antioch Community Consolidated School District 34 Board

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