Dupage Policy Journal

Former state school employee Susan Madorin, who retired in January 2017, saved $38,186 toward a pension over 9 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Madorin would collect as much as $1.07 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Madorin received $22,563 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Madorin will have already received $45,803 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.