Dupage Policy Journal

Former state school employee Charlene Bolden, who retired in December 2017, saved $90,144 toward a pension over 18 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Bolden would collect as much as $1.44 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Bolden received $30,318 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Bolden will have already received $93,711 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.