Former state school employee Hall Babis paid in $138K to teachers' pension fund, could collect $3.52M in retirement

Former state school employee Kathleen Hall Babis, who retired in June 2018, saved $137,500 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, Hall Babis would collect as much as $3.52 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Hall Babis received $74,004 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Hall Babis will have already received $150,228 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.