Dupage Policy Journal

Former state school employee Lynn Hamilton, who retired in June 2017, saved $183,907 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Hamilton would collect as much as $4.83 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Hamilton received $101,467 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Hamilton will have already received $205,978 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.