Dupage Policy Journal

Former state school employee Cheryl Freiberger, who retired in September 2017, saved $83,604 toward a pension over 18 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Freiberger would collect as much as $1.53 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Freiberger received $32,231 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Freiberger will have already received $99,623 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.