South Central Reporter

Former state school employee Carla Hooe, who retired in May 2016, saved $129,155 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Hooe would collect as much as $3.07 million, according to a projection by Local Government Information Services (LGIS), which publishes South Central Reporter.

The projection assumes Hooe received $64,448 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Hooe will have already received $130,829 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.