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Galesburg Reporter

Thursday, April 3, 2025

Former state school employee Keimig paid in $140K to teachers' pension fund, could collect $3.26M in retirement

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Former state school employee Michael Keimig, who retired in May 2017, saved $139,842 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, Keimig would collect as much as $3.26 million, according to a projection by Local Government Information Services (LGIS), which publishes Galesburg Reporter.

The projection assumes Keimig received $68,479 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Keimig will have already received $211,661 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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