Dupage Policy Journal

Former state school employee Cynthia Maloney, who retired in June 2017, saved $89,666 toward a pension over 19 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Maloney would collect as much as $1.3 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Maloney received $27,263 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Maloney will have already received $114,058 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.