Former state school employee Jordan paid in $127K to teachers' pension fund, could collect $3.27M in retirement

Former state school employee Shelley Jordan, who retired in June 2016, saved $127,498 toward a pension over 26 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Jordan would collect as much as $3.27 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Jordan received $68,745 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Jordan will have already received $139,552 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.