Former state school employee Trabaris paid in $184K to teachers' pension fund, could collect $2.91M in retirement

Former state school employee Julie Trabaris, who retired in May 2017, saved $184,473 toward a pension over 23 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Trabaris would collect as much as $2.91 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Trabaris received $61,157 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Trabaris will have already received $189,031 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.