Dupage Policy Journal

Former state school employee Carole Toombs, who retired in June 2017, saved $109,199 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, Toombs would collect as much as $1.58 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Toombs received $33,122 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Toombs will have already received $138,570 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.