Chicago City Wire

Former state school employee John Figliulo, who retired in November 2018, saved $17,871 toward a pension over 4 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Figliulo would collect as much as $432,352, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Figliulo received $9,087 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Figliulo will have already received $18,447 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.