Former state school employee Nakashima paid in $177K to teachers' pension fund, could collect $3.76M in retirement

Former state school employee Lynne Nakashima, who retired in June 2017, saved $177,303 toward a pension over 32 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Nakashima would collect as much as $3.76 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Nakashima received $78,935 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Nakashima will have already received $243,980 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.