Lake County Gazette

Former state school employee Judith Stone, who retired in June 2016, saved $177,882 toward a pension over 29 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Stone would collect as much as $3.54 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Stone received $74,475 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Stone will have already received $230,194 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.