Dupage Policy Journal

Former state school employee John Melone, who retired in May 2016, saved $260,597 toward a pension over 33 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Melone would collect as much as $5.67 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Melone received $119,138 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Melone will have already received $368,243 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.