Former state school employee Skogsberg paid in $80K to teachers' pension fund, could collect $1.26M in retirement

Former state school employee Marilyn Skogsberg, who retired in June 2018, saved $80,374 toward a pension over 14 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Skogsberg would collect as much as $1.26 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Skogsberg received $26,466 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Skogsberg will have already received $81,804 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.