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West Cook News

Tuesday, April 29, 2025

Former state school employee Ochoa paid in $120K to teachers' pension fund, could collect $2.38M in retirement

Money272

Former state school employee Karen Ochoa, who retired in June 2017, saved $120,191 toward a pension over 23 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Ochoa would collect as much as $2.38 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.

The projection assumes Ochoa received $49,935 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Ochoa will have already received $154,344 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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