Dupage Policy Journal

Former state school employee Pamela Henry, who retired in March 2018, saved $97,816 toward a pension over 17 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Henry would collect as much as $1.77 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Henry received $37,183 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Henry will have already received $114,928 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.