Dupage Policy Journal

Former state school employee Mark Miller, who retired in January 2016, saved $155,960 toward a pension over 29 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Miller would collect as much as $2.65 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Miller received $55,598 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Miller will have already received $171,848 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.