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Peoria Standard

Tuesday, October 28, 2025

Former state school employee Klooster paid in $239K to teachers' pension fund, could collect $5.17M in retirement

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Former state school employee Jerry Klooster, who retired in June 2018, saved $239,185 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Klooster would collect as much as $5.17 million, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.

The projection assumes Klooster received $108,744 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Klooster will have already received $336,116 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.

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