Former state school employee McEvilly paid in $193K to teachers' pension fund, could collect $4.19M in retirement

Former state school employee Thomas McEvilly, who retired in June 2016, saved $193,233 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, McEvilly would collect as much as $4.19 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes McEvilly received $88,027 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, McEvilly will have already received $272,083 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.