Quincy Reporter

Former state school employee Anne Cashman, who retired in June 2018, saved $143,805 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Cashman would collect as much as $3.11 million, according to a projection by Local Government Information Services (LGIS), which publishes Quincy Reporter.

The projection assumes Cashman received $65,335 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Cashman will have already received $201,944 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.