South Central Reporter

Former state school employee Martha Hammann, who retired in May 2016, saved $103,585 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, Hammann would collect as much as $1.99 million, according to a projection by Local Government Information Services (LGIS), which publishes South Central Reporter.

The projection assumes Hammann received $41,753 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hammann will have already received $129,055 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.