Quincy Reporter

Former state school employee Margaret Whisman Bauer, who retired in May 2016, saved $111,669 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, Whisman Bauer would collect as much as $2.08 million, according to a projection by Local Government Information Services (LGIS), which publishes Quincy Reporter.

The projection assumes Whisman Bauer received $43,730 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Whisman Bauer will have already received $135,165 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.