Former state school employee Kielma paid in $66K to teachers' pension fund, could collect $1.14M in retirement

Former state school employee Linda Kielma, who retired in June 2016, saved $65,902 toward a pension over 18 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Kielma would collect as much as $1.14 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Kielma received $23,941 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Kielma will have already received $73,999 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.