Former state school employee Kizyma paid in $192K to teachers' pension fund, could collect $4.64M in retirement

By West Cook News

Jul 1, 2018

Former state school employee Joan Kizyma, who retired in June 2018, saved $191,802 toward a pension over 40 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Kizyma would collect as much as $4.64 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.

The projection assumes Kizyma received $97,571 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Kizyma will have already received $198,069 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Lyons Township High School District 204 Board

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