Retired Matteson ESD 162 employee Susan Torrance saved $77,119 toward her pension over 21 years working for public schools, Illinois Teachers' Retirement Fund (TRS) records show.
Over 35 years of retirement, Torrance would collect as much as $1.596 million, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.
Torrance, 60, who currently lives in Tinley Park, earned $9,931 in her final year at Matteson ESD 162.
Susan Torrance
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The projection assumes Torrance will receive $24,729 in her first year of retirement, then 3 percent annual increases thereafter, compounded.
After three years of retirement, Torrance will have already received $76,435 in retirement benefits, or more than the sum total of her contributions to the state teachers' pension fund.
According to the Illinois State Board of Education (ISBE), 28.4 percent of Matteson ESD 162 students met or exceeded the standards for the "PARCC" exams.
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