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Lake County Gazette

Tuesday, April 29, 2025

Former state school employee Kinser paid in $121K to teachers' pension fund, could collect $1.34M in retirement

Money759

Former state school employee George Kinser, who retired in October 2018, saved $121,013 toward a pension over 17 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Kinser would collect as much as $1.34 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Kinser received $28,196 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 5 years of retirement, Kinser will have already received $149,695 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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