Will County Gazette

Former state school employee Katherine Ledbetter, who retired in June 2018, saved $110,045 toward a pension over 27 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Ledbetter would collect as much as $2.33 million, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.

The projection assumes Ledbetter received $49,069 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Ledbetter will have already received $151,667 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.