Will County Gazette

Former state school employee Karen Cesaretti, who retired in June 2018, saved $77,765 toward a pension over 13 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Cesaretti would collect as much as $1.15 million, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.

The projection assumes Cesaretti received $24,121 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Cesaretti will have already received $100,914 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.