Former state school employee Steinhaus paid in $171K to teachers' pension fund, could collect $4.14M in retirement

By West Cook News

Jul 1, 2017

Former state school employee Catherine Steinhaus, who retired in June 2017, saved $171,288 toward a pension over 36 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Steinhaus would collect as much as $4.14 million, according to a projection by Local Government Information Services (LGIS), which publishes West Cook News.

The projection assumes Steinhaus received $87,040 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Steinhaus will have already received $176,691 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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Berwyn South School District 100 Board

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