Former state school employee Rogers paid in $116K to teachers' pension fund, could collect $2.27M in retirement

Former state school employee Mary Rogers, who retired in June 2016, saved $116,004 toward a pension over 21 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Rogers would collect as much as $2.27 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Rogers received $47,744 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Rogers will have already received $147,571 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.