Retired Aurora East USD 131 employee John Frauenhoff saved $42,523 toward his pension over 16 years working for public schools, Illinois Teachers' Retirement Fund (TRS) records show.
Over 40 years of retirement, Frauenhoff would collect as much as $1.949 million, according to a projection by Local Government Information Services (LGIS), which publishes Kane County Reporter.
Frauenhoff, 55, who currently lives in Aurora, earned $50,439 in his final year at Aurora East USD 131.
The projection assumes Frauenhoff will receive 48.6 percent of that total - $24,521 - in his first year of retirement, then 3 percent annual increases thereafter, compounded.
After three years of retirement, Frauenhoff will have already received $75,793 in retirement benefits, or more than the sum total of his contributions to the state teachers' pension fund.
According to the Illinois State Board of Education (ISBE), 13.2 percent of Aurora East USD 131 students met or exceeded the standards for the "PARCC" exams. ISBE reported that 19.2 percent of district's graduates were deemed "college ready" last year.
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