Former state school employee Kryger paid in $231K to teachers' pension fund, could collect $5.23M in retirement

Former state school employee Anne Kryger, who retired in June 2018, saved $230,609 toward a pension over 33 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Kryger would collect as much as $5.23 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Kryger received $110,001 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Kryger will have already received $340,002 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.