Dupage Policy Journal

Former state school employee Linda States, who retired in August 2018, saved $56,731 toward a pension over 27 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, States would collect as much as $1.4 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes States received $29,455 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, States will have already received $59,794 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.