Former state school employee Koehler paid in $228K to teachers' pension fund, could collect $4.31M in retirement

Former state school employee Kevin Koehler, who retired in June 2017, saved $227,683 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, Koehler would collect as much as $4.31 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Koehler received $90,624 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Koehler will have already received $280,110 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.