Former state school employee Martinez Valivkenas paid in $76K to teachers' pension fund, could collect $1.17M in retirement

Former state school employee Maria Martinez Valivkenas, who retired in September 2018, saved $76,415 toward a pension over 8 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Martinez Valivkenas would collect as much as $1.17 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Martinez Valivkenas received $24,586 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Martinez Valivkenas will have already received $102,861 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.