Dupage Policy Journal

Former state school employee Bruce Howell, who retired in October 2018, saved $214,845 toward a pension over 34 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Howell would collect as much as $4.37 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Howell received $91,771 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Howell will have already received $283,655 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.