Lake County Gazette

Former state school employee Sheila Tanner Egan, who retired in June 2018, saved $149,673 toward a pension over 26 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Tanner Egan would collect as much as $2.46 million, according to a projection by Local Government Information Services (LGIS), which publishes Lake County Gazette.

The projection assumes Tanner Egan received $51,619 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Tanner Egan will have already received $159,550 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.