Former state school employee Zanotti paid in $152K to teachers' pension fund, could collect $3.08M in retirement

Former state school employee Susan Zanotti, who retired in June 2017, saved $151,939 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, Zanotti would collect as much as $3.08 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Zanotti received $64,713 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Zanotti will have already received $200,021 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.