Lake County Gazette

Former state school employee Jan Foughner, who retired in June 2017, saved $202,823 toward a pension over 34 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Foughner would collect as much as $4.13 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Foughner received $86,773 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Foughner will have already received $268,206 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.