Former state school employee Paczkowski paid in $227K to teachers' pension fund, could collect $4.91M in retirement

Former state school employee Patricia Paczkowski, who retired in May 2018, saved $227,232 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Paczkowski would collect as much as $4.91 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Paczkowski received $103,253 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Paczkowski will have already received $319,146 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.