Dupage Policy Journal

Former state school employee Carole Salinas, who retired in February 2016, saved $5,118 toward a pension over 7 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Salinas would collect as much as $490,493, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Salinas received $10,309 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Salinas will have already received $10,309 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.