Chicago City Wire

Former state school employee Ilona Sebestyen, who retired in October 2018, saved $82,606 toward a pension over 18 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Sebestyen would collect as much as $1.64 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Sebestyen received $34,441 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Sebestyen will have already received $106,453 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.