Former state school employee Nakashima paid in $88K to teachers' pension fund, could collect $1.56M in retirement

Former state school employee Laura Nakashima, who retired in June 2018, saved $87,590 toward a pension over 17 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 $1.56 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Nakashima received $32,843 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Nakashima will have already received $101,514 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.