West Central Reporter

Former state school employee Karen Hanneken, who retired in December 2017, saved $12,527 toward a pension over 6 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Hanneken would collect as much as $200,598, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.

The projection assumes Hanneken received $4,216 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hanneken will have already received $13,030 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.