South Central Reporter

Former state school employee Bradley Jones, who retired in June 2018, saved $228,863 toward a pension over 36 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Jones would collect as much as $4.94 million, according to a projection by Local Government Information Services (LGIS), which publishes South Central Reporter.

The projection assumes Jones received $103,846 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Jones will have already received $320,977 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.