Dupage Policy Journal

Former state school employee Paula Griesbaum, who retired in August 2017, saved $2,003 toward a pension over 1 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Griesbaum would collect as much as $27,272, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Griesbaum received $573 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Griesbaum will have already received $2,397 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.