Former state school employee Koehler paid in $133K to teachers' pension fund, could collect $3.17M in retirement

By Local Labs News Service

Jun 1, 2016

Former state school employee Teresa Koehler, who retired in May 2016, saved $132,723 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, Koehler would collect as much as $3.17 million, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.

The projection assumes Koehler received $66,731 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Koehler will have already received $135,464 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Bloomington School District 87 Board

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