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North Cook News

Saturday, June 21, 2025

Former state school employee Kaminski paid in $90K to teachers' pension fund, could collect $1.21M in retirement

Money759

Former state school employee Kim Kaminski, who retired in May 2016, saved $89,972 toward a pension over 29 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Kaminski would collect as much as $1.21 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Kaminski received $25,427 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Kaminski will have already received $106,378 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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