Former state school employee Maroney paid in $176K to teachers' pension fund, could collect $4.47M in retirement

Former state school employee Patricia Maroney, who retired in May 2018, saved $175,988 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Maroney would collect as much as $4.47 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Maroney received $93,957 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Maroney will have already received $190,733 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.