Former state school employee Neumayer paid in $3K to teachers' pension fund, could collect $168K in retirement

Former state school employee Roberta Neumayer, who retired in January 2017, saved $2,530 toward a pension over 2 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Neumayer would collect as much as $167,760, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Neumayer received $3,526 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Neumayer will have already received $3,526 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.