Former state school employee Stoner paid in $191K to teachers' pension fund, could collect $4.38M in retirement

Former state school employee Jill Stoner, who retired in May 2018, saved $191,474 toward a pension over 34 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Stoner would collect as much as $4.38 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Stoner received $91,992 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Stoner will have already received $284,339 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.