West Central Reporter

Former state school employee Ruth Vaughan, who retired in March 2018, saved $22,920 toward a pension over 17 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Vaughan would collect as much as $1.06 million, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.

The projection assumes Vaughan received $22,250 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Vaughan will have already received $45,168 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.