Former state school employee Wilde paid in $49K to teachers' pension fund, could collect $951K in retirement

Former state school employee Jana Wilde, who retired in July 2018, saved $48,622 toward a pension over 12 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Wilde would collect as much as $951,024, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Wilde received $19,989 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Wilde will have already received $61,785 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.