Former state school employee Sasveld paid in $133K to teachers' pension fund, could collect $2.9M in retirement

Former state school employee Debra Sasveld, who retired in June 2017, saved $132,892 toward a pension over 39 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Sasveld would collect as much as $2.9 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Sasveld received $60,872 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Sasveld will have already received $188,149 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.