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Metro East Sun

Saturday, April 19, 2025

Former state school employee Kitley paid in $63K to teachers' pension fund, could collect $1.1M in retirement

Money 06

Former state school employee Karyn Kitley, who retired in November 2017, saved $63,299 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, Kitley would collect as much as $1.1 million, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Kitley received $23,170 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Kitley will have already received $71,616 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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