Quantcast

Metro East Sun

Tuesday, November 11, 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.

MORE NEWS