Quantcast

Chicago City Wire

Saturday, April 20, 2024

Former principal Koegler paid in $263K to teachers' pension fund, could collect $4.53M in retirement

Shutterstock 233512279

Former principal Karen Koegler, who retired in April 2018, saved $262,839 toward a pension over 29 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Koegler would collect as much as $4.53 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Koegler received $95,245 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Koegler will have already received $294,392 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

MORE NEWS