Quantcast

Metro East Sun

Saturday, July 19, 2025

Former state school employee Klaus paid in $37K to teachers' pension fund, could collect $911K in retirement

Money 08

Former state school employee Karen Klaus, who retired in March 2017, saved $36,585 toward a pension over 17 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Klaus would collect as much as $910,730, according to a projection by Local Government Information Services (LGIS), which publishes Metro East Sun.

The projection assumes Klaus received $19,142 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Klaus will have already received $38,858 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS