Dupage Policy Journal

Former state school employee Nicholas Digiovanni, who retired in May 2017, saved $225,561 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, Digiovanni would collect as much as $5.17 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Digiovanni received $108,668 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Digiovanni will have already received $335,882 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.