Dupage Policy Journal

Former state school employee Michael McGue, who retired in March 2016, saved $32,295 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, McGue would collect as much as $2.06 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes McGue received $43,353 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, McGue will have already received $43,353 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.