Former state school employee Loughery paid in $58K to teachers' pension fund, could collect $865K in retirement

Former state school employee Maureen Loughery, who retired in June 2017, saved $58,464 toward a pension over 11 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Loughery would collect as much as $864,789, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Loughery received $18,177 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Loughery will have already received $76,046 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.