Lake County Gazette

Former state school employee Lisa Barrett Regan, who retired in June 2017, saved $118,983 toward a pension over 20 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Barrett Regan would collect as much as $1.86 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Barrett Regan received $39,184 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Barrett Regan will have already received $121,115 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.