Dupage Policy Journal

Former state school employee Lois Janis, who retired in May 2016, saved $166,256 toward a pension over 26 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Janis would collect as much as $3.08 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Janis received $64,716 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Janis will have already received $200,030 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.