Grundy Reporter

Grundy Reporter

Friday, November 15, 2019

Former state school employee Vint paid in $158K to teachers' pension fund, could collect $3.57M in retirement

Schools

By Local Labs News Service | Jun 1, 2018

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Former state school employee Kathy Vint, who retired in May 2018, saved $157,522 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Vint would collect as much as $3.57 million, according to a projection by Local Government Information Services (LGIS), which publishes Grundy Reporter.

The projection assumes Vint received $75,060 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Vint will have already received $232,003 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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