Dupage Policy Journal

Former state school employee Michael Riley, who retired in June 2016, saved $168,501 toward a pension over 31 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Riley would collect as much as $5.02 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Riley received $105,485 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Riley will have already received $214,135 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.