Former state school employee Theisen paid in $113K to teachers' pension fund, could collect $2.3M in retirement

Former state school employee Susan Theisen, who retired in June 2016, saved $113,335 toward a pension over 21 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Theisen would collect as much as $2.3 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Theisen received $48,403 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Theisen will have already received $149,609 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.