Former state school employee Daniel paid in $110K to teachers' pension fund, could collect $2.25M in retirement

Former state school employee Sharon Daniel, who retired in May 2018, saved $109,705 toward a pension over 21 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Daniel would collect as much as $2.25 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Daniel received $47,281 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Daniel will have already received $146,140 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.