Former state school employee Lindner paid in $20K to teachers' pension fund, could collect $317K in retirement

Former state school employee Constance Lindner, who retired in May 2018, saved $19,527 toward a pension over 13 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Lindner would collect as much as $316,515, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Lindner received $6,652 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Lindner will have already received $20,562 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.