Former state school employee Tamosaitis paid in $83K to teachers' pension fund, could collect $1.33M in retirement

Former state school employee Marianne Tamosaitis, who retired in July 2017, saved $83,301 toward a pension over 16 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Tamosaitis would collect as much as $1.33 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Tamosaitis received $27,979 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Tamosaitis will have already received $86,480 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.