Dupage Policy Journal

Former state school employee Timothy Ineich, who retired in May 2018, saved $276,384 toward a pension over 32 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Ineich would collect as much as $5.97 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Ineich received $125,446 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Ineich will have already received $387,740 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.