Dupage Policy Journal

Former state school employee Lewis Kasten, who retired in May 2016, saved $208,355 toward a pension over 38 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Kasten would collect as much as $4.64 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Kasten received $97,632 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Kasten will have already received $301,771 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.