Former state school employee Angelos paid in $211K to teachers' pension fund, could collect $4.37M in retirement

Former state school employee Kathleen Angelos, who retired in May 2017, saved $211,102 toward a pension over 32 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Angelos would collect as much as $4.37 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Angelos received $91,902 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Angelos will have already received $284,060 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.