Former state school employee Kline paid in $34K to teachers' pension fund, could collect $566K in retirement

By Local Labs News Service

Feb 1, 2018

Former state school employee Heather Kline, who retired in January 2018, saved $34,058 toward a pension over 12 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Kline would collect as much as $565,955, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Kline received $11,895 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Kline will have already received $36,767 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Millburn Community Consolidated School District 24

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