Former state school employee Duffy paid in $155K to teachers' pension fund, could collect $3.46M in retirement

Former state school employee Sally Duffy, who retired in June 2018, saved $155,360 toward a pension over 25 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Duffy would collect as much as $3.46 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Duffy received $72,816 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Duffy will have already received $225,066 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.