Former state school employee Mosier paid in $72K to teachers' pension fund, could collect $1.3M in retirement

Former state school employee Pamela Mosier, who retired in May 2016, saved $71,954 toward a pension over 15 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Mosier would collect as much as $1.3 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Mosier received $27,246 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Mosier will have already received $84,214 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.