Former state school employee Nosbisch paid in $104K to teachers' pension fund, could collect $2.35M in retirement

Former state school employee Pamela Nosbisch, who retired in June 2017, saved $104,269 toward a pension over 24 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Nosbisch would collect as much as $2.35 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Nosbisch received $49,386 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Nosbisch will have already received $152,648 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.