Quantcast

Carbondale Reporter

Sunday, June 29, 2025

Former state school employee Benton paid in $33K to teachers' pension fund, could collect $1.12M in retirement

Shutterstock 469426916

Former state school employee Kimira Benton, who retired in March 2018, saved $32,716 toward a pension over 16 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Benton would collect as much as $1.12 million, according to a projection by Local Government Information Services (LGIS), which publishes Carbondale Reporter.

The projection assumes Benton received $23,564 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Benton will have already received $47,835 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS