Kane County Reporter

Former state school employee David Di Nicola, who retired in May 2017, saved $58,962 toward a pension over 18 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Di Nicola would collect as much as $1.14 million, according to a projection by Local Government Information Services (LGIS), which publishes Kane County Reporter.

The projection assumes Di Nicola received $23,865 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Di Nicola will have already received $73,764 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.