Dupage Policy Journal

Former state school employee Marlene Byron, who retired in June 2018, saved $107,704 toward a pension over 20 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Byron would collect as much as $1.84 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Byron received $38,734 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Byron will have already received $119,723 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.