Former state school employee Eigel paid in $170K to teachers' pension fund, could collect $3.54M in retirement

Former state school employee Bonnie Eigel, who retired in June 2016, saved $170,394 toward a pension over 33 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Eigel would collect as much as $3.54 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Eigel received $74,367 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Eigel will have already received $229,861 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.