Former state school employee Chester paid in $141K to teachers' pension fund, could collect $2.86M in retirement

Former state school employee Constance Chester, who retired in July 2016, saved $141,156 toward a pension over 22 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Chester would collect as much as $2.86 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Chester received $60,174 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Chester will have already received $185,991 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.