Dupage Policy Journal

Former state school employee Cynthia Caliendo, who retired in June 2018, saved $171,218 toward a pension over 34 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Caliendo would collect as much as $4.11 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Caliendo received $86,298 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Caliendo will have already received $175,185 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.