Former state school employee Fling paid in $138K to teachers' pension fund, could collect $2.76M in retirement

Former state school employee Janice Fling, who retired in May 2017, saved $138,121 toward a pension over 24 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Fling would collect as much as $2.76 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Fling received $57,987 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Fling will have already received $179,233 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.