South Central Reporter

Former state school employee Kimberly Schulte, who retired in May 2018, saved $118,967 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Schulte would collect as much as $2.38 million, according to a projection by Local Government Information Services (LGIS), which publishes South Central Reporter.

The projection assumes Schulte received $50,006 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Schulte will have already received $154,563 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.