South Central Reporter

Former state school employee John Stout, who retired in May 2017, saved $142,258 toward a pension over 34 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Stout would collect as much as $3.22 million, according to a projection by Local Government Information Services (LGIS), which publishes South Central Reporter.

The projection assumes Stout received $67,779 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Stout will have already received $209,497 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.