Former state school employee Fontanarosa paid in $103K to teachers' pension fund, could collect $2.18M in retirement

Former state school employee Kristine Fontanarosa, who retired in June 2016, saved $102,947 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, Fontanarosa would collect as much as $2.18 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Fontanarosa received $45,920 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Fontanarosa will have already received $141,935 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.