Former state school employee Glogowski paid in $192K to teachers' pension fund, could collect $4.28M in retirement

Former state school employee Tim Glogowski, who retired in May 2018, saved $192,008 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Glogowski would collect as much as $4.28 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Glogowski received $90,006 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Glogowski will have already received $278,199 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.