Dupage Policy Journal

Former state school employee Laura Butler, who retired in May 2016, saved $229,290 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, Butler would collect as much as $5.45 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Butler received $114,536 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Butler will have already received $232,508 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.