Lake County Gazette

Former state school employee Susan Silberman, who retired in June 2017, saved $80,423 toward a pension over 15 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Silberman would collect as much as $1.44 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Silberman received $30,229 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Silberman will have already received $93,435 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.