Former state school employee Koehler Freitag paid in $186K to teachers' pension fund, could collect $2.9M in retirement

Former state school employee Kimberly Koehler Freitag, who retired in June 2018, saved $185,564 toward a pension over 24 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Koehler Freitag would collect as much as $2.9 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Koehler Freitag received $60,939 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Koehler Freitag will have already received $188,356 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.