Galesburg Reporter

Former state school employee Meredith Johnson, who retired in May 2016, saved $111,295 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, Johnson would collect as much as $2.63 million, according to a projection by Local Government Information Services (LGIS), which publishes Galesburg Reporter.

The projection assumes Johnson received $55,245 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Johnson will have already received $112,147 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.