Dupage Policy Journal

Former state school employee Julie Bay, who retired in May 2018, saved $161,729 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Bay would collect as much as $3.98 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Bay received $83,610 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Bay will have already received $169,728 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.