Dupage Policy Journal

Former state school employee Mary Elgass, who retired in June 2017, saved $112,560 toward a pension over 21 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Elgass would collect as much as $2.08 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Elgass received $43,721 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Elgass will have already received $135,138 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.