Chicago City Wire

Former teacher Mary Anne Dubach, who retired in July 2018, saved $113,406 toward a pension over 22 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Dubach would collect as much as $2.15 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Dubach received $45,288 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Dubach will have already received $139,981 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.