Chicago City Wire

Former teacher Janice Miller, who retired in July 2018, saved $80,073 toward a pension over 14 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Miller would collect as much as $1.34 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Miller received $28,219 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Miller will have already received $87,223 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.