Dupage Policy Journal

Former state school employee Elizabeth Manders, who retired in January 2018, saved $151,387 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Manders would collect as much as $3.22 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Manders received $67,773 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Manders will have already received $209,479 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.