South Central Reporter

Former state school employee Connie Frederking, who retired in April 2016, saved $78,264 toward a pension over 20 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Frederking would collect as much as $1.41 million, according to a projection by Local Government Information Services (LGIS), which publishes South Central Reporter.

The projection assumes Frederking received $29,660 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Frederking will have already received $91,677 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.