Former state school employee Wilkerson paid in $190K to teachers' pension fund, could collect $3.17M in retirement

By Local Labs News Service

Jul 1, 2018

Former state school employee Kelly Wilkerson, who retired in June 2018, saved $189,918 toward a pension over 32 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Wilkerson would collect as much as $3.17 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Wilkerson received $66,558 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Wilkerson will have already received $205,725 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Warren Township High School District 121

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