South Central Reporter

Former state school employee Mark Mullen, who retired in March 2017, saved $147,139 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, Mullen would collect as much as $2.54 million, according to a projection by Local Government Information Services (LGIS), which publishes South Central Reporter.

The projection assumes Mullen received $53,366 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Mullen will have already received $164,949 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.