Dupage Policy Journal

Former state school employee Ann Pearson, who retired in February 2018, saved $56,834 toward a pension over 15 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Pearson would collect as much as $799,415, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Pearson received $16,803 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Pearson will have already received $70,297 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.