Dupage Policy Journal

Former state school employee Cynthia Savage, who retired in June 2016, saved $52,783 toward a pension over 21 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Savage would collect as much as $1.24 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Savage received $26,167 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Savage will have already received $53,119 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.