Former state school employee Boyle paid in $2K to teachers' pension fund, could collect $63K in retirement

Former state school employee Judith Boyle, who retired in March 2018, saved $1,649 toward a pension over 1 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Boyle would collect as much as $62,576, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Boyle received $1,315 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Boyle will have already received $2,669 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.