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Kendall County Times

Saturday, November 23, 2024

Former state school employee Czekanski paid in $75K to teachers' pension fund, could collect $1.34M in retirement

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Former state school employee Jeannine Czekanski, who retired in May 2016, saved $75,446 toward a pension over 18 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

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

The projection assumes Czekanski received $28,267 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Czekanski will have already received $87,370 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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