Former state school employee Bylsma paid in $256K to teachers' pension fund, could collect $6.93M in retirement

Former state school employee Pamela Bylsma, who retired in November 2018, saved $255,804 toward a pension over 34 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Bylsma would collect as much as $6.93 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Bylsma received $145,619 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Bylsma will have already received $295,607 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.