Dupage Policy Journal

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Wednesday, April 1, 2020

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

Schools

By Local Labs News Service | Jul 1, 2017

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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.

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Hinsdale Township High School District 86

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