Dupage Policy Journal

Former state school employee Mihaela Hegstrom, who retired in November 2017, saved $13,286 toward a pension over 9 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Hegstrom would collect as much as $217,229, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Hegstrom received $4,566 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hegstrom will have already received $14,113 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.