Former state school employee Agger paid in $154K to teachers' pension fund, could collect $3.93M in retirement

Former state school employee Denise Agger, who retired in June 2018, saved $154,300 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, Agger would collect as much as $3.93 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Agger received $82,622 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Agger will have already received $167,723 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.