South Central Reporter

Former state school employee Janice Marsaglia, who retired in October 2016, saved $76,304 toward a pension over 25 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Marsaglia would collect as much as $1.61 million, according to a projection by Local Government Information Services (LGIS), which publishes South Central Reporter.

The projection assumes Marsaglia received $33,883 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Marsaglia will have already received $104,728 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.