Dupage Policy Journal

Former state school employee Nancy Gillies, who retired in June 2018, saved $222,783 toward a pension over 31 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Gillies would collect as much as $4.15 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Gillies received $87,310 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Gillies will have already received $269,866 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.