South Central Reporter

Former state school employee Brenda Wolf, who retired in July 2018, saved $42,400 toward a pension over 17 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Wolf would collect as much as $1.02 million, according to a projection by Local Government Information Services (LGIS), which publishes South Central Reporter.

The projection assumes Wolf received $21,418 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Wolf will have already received $43,479 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.