Former state school employee Vaillancourt paid in $73K to teachers' pension fund, could collect $1.53M in retirement

Former state school employee Nicolette Vaillancourt, who retired in May 2016, saved $73,291 toward a pension over 19 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Vaillancourt would collect as much as $1.53 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Vaillancourt received $32,213 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Vaillancourt will have already received $99,566 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.