Lake County Gazette

Former state school employee Gail Buscemi, who retired in July 2018, saved $23,628 toward a pension over 4 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Buscemi would collect as much as $720,522, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Buscemi received $15,144 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Buscemi will have already received $30,742 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.