Former state school employee Dovilas paid in $132K to teachers' pension fund, could collect $2.01M in retirement

Former state school employee Jurate Dovilas, who retired in June 2018, saved $132,078 toward a pension over 16 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Dovilas would collect as much as $2.01 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Dovilas received $42,211 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Dovilas will have already received $176,593 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.