Former state school employee Jovien paid in $169K to teachers' pension fund, could collect $3.82M in retirement

Former state school employee Paula Jovien, who retired in June 2016, saved $169,487 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, Jovien would collect as much as $3.82 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Jovien received $80,216 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Jovien will have already received $247,939 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.