Former state school employee McClure paid in $198K to teachers' pension fund, could collect $4.75M in retirement

By Local Labs News Service

Oct 1, 2017

Former state school employee Karie McClure, who retired in September 2017, saved $197,612 toward a pension over 33 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, McClure would collect as much as $4.75 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes McClure received $99,747 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, McClure will have already received $202,486 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Township High School District 214 Board

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