South Central Reporter

Former state school employee Mary McVey, who retired in May 2017, saved $98,031 toward a pension over 30 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, McVey would collect as much as $1.52 million, according to a projection by Local Government Information Services (LGIS), which publishes South Central Reporter.

The projection assumes McVey received $31,976 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, McVey will have already received $98,834 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.