Former state school employee Thomas Kilday paid in $167K to teachers' pension fund, could collect $3.67M in retirement

By Local Labs News Service

Jun 1, 2018

Former state school employee Barbara Thomas Kilday, who retired in May 2018, saved $166,582 toward a pension over 37 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Thomas Kilday would collect as much as $3.67 million, according to a projection by Local Government Information Services (LGIS), which publishes North Cook News.

The projection assumes Thomas Kilday received $77,230 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Thomas Kilday will have already received $238,710 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Elgin Area School District U46

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