Former state school employee Matariyeh paid in $116K to teachers' pension fund, could collect $2.11M in retirement

Former state school employee Maria Matariyeh, who retired in May 2018, saved $115,841 toward a pension over 20 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Matariyeh would collect as much as $2.11 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Matariyeh received $44,333 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Matariyeh will have already received $137,029 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.