Lake County Gazette

Former state school employee Diana Olson, who retired in June 2016, saved $144,217 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, Olson would collect as much as $2.89 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Olson received $60,753 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Olson will have already received $187,782 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.