Former state school employee Kairis paid in $238K to teachers' pension fund, could collect $5.14M in retirement

Former state school employee Anne Kairis, who retired in May 2016, saved $237,641 toward a pension over 29 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Kairis would collect as much as $5.14 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Kairis received $107,970 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Kairis will have already received $333,724 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.