Will County Gazette

Former state school employee James Prunty, who retired in June 2018, saved $59,491 toward a pension over 8 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Prunty would collect as much as $1.02 million, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.

The projection assumes Prunty received $21,384 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Prunty will have already received $66,097 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.