Will County Gazette

Former state school employee Jean Yates, who retired in June 2017, saved $116,717 toward a pension over 32 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Yates would collect as much as $2.61 million, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.

The projection assumes Yates received $54,839 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Yates will have already received $169,502 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.