Former state school employee Tabbert paid in $355K to teachers' pension fund, could collect $10.39M in retirement

Former state school employee Victoria Tabbert, who retired in June 2018, saved $355,196 toward a pension over 37 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Tabbert would collect as much as $10.39 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Tabbert received $218,364 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Tabbert will have already received $443,279 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.