South Central Reporter

Former state school employee Clark Niepert, who retired in July 2016, saved $45,952 toward a pension over 9 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Niepert would collect as much as $624,952, according to a projection by Local Government Information Services (LGIS), which publishes South Central Reporter.

The projection assumes Niepert received $13,136 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Niepert will have already received $54,956 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.