Lake County Gazette

Former state school employee Dianne Rivelli, who retired in June 2016, saved $172,884 toward a pension over 33 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Rivelli would collect as much as $3.89 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Rivelli received $81,723 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Rivelli will have already received $252,598 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.