Dupage Policy Journal

Former state school employee Philip Wieczorek, who retired in June 2018, saved $297,099 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, Wieczorek would collect as much as $6.42 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Wieczorek received $134,895 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Wieczorek will have already received $416,947 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.