Dupage Policy Journal

Former state school employee Barbara McPherson, who retired in June 2016, saved $185,656 toward a pension over 42 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, McPherson would collect as much as $4.33 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes McPherson received $90,944 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, McPherson will have already received $281,098 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.