Former state school employee Mark paid in $169K to teachers' pension fund, could collect $3.25M in retirement

Former state school employee Janet Mark, who retired in May 2016, saved $169,030 toward a pension over 22 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Mark would collect as much as $3.25 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Mark received $68,380 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Mark will have already received $211,355 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.