Former state school employee Kleiman paid in $10K to teachers' pension fund, could collect $468K in retirement

By Local Labs News Service

Jun 1, 2016

Former state school employee Bernard Kleiman, who retired in May 2016, saved $9,599 toward a pension over 6 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Kleiman would collect as much as $468,438, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Kleiman received $9,846 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Kleiman will have already received $9,846 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Waukegan Community Unit School District 60

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