Former state school employee Smrekar paid in $157K to teachers' pension fund, could collect $3.19M in retirement

By Local Labs News Service

Jun 1, 2017

Former state school employee Debra Smrekar, who retired in May 2017, saved $156,737 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Smrekar would collect as much as $3.19 million, according to a projection by Local Government Information Services (LGIS), which publishes Rockford Sun.

The projection assumes Smrekar received $67,028 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Smrekar will have already received $207,177 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Kinnikinnick Community Consolidated School District 131 Board

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