Dupage Policy Journal

Former state school employee Michael Cluver, who retired in May 2016, saved $162,319 toward a pension over 37 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Cluver would collect as much as $3.5 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Cluver received $73,602 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Cluver will have already received $227,496 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.