South Central Reporter

Former state school employee Judith Schramm, who retired in May 2017, saved $6,895 toward a pension over 5 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Schramm would collect as much as $82,432, according to a projection by Local Government Information Services (LGIS), which publishes South Central Reporter.

The projection assumes Schramm received $1,732 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Schramm will have already received $7,247 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.