West Central Reporter

Former state school employee Ted Johnson, who retired in July 2016, saved $41,640 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, Johnson would collect as much as $583,048, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.

The projection assumes Johnson received $12,255 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Johnson will have already received $51,272 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.