East Central Reporter

Former state school employee Margaret Blair, who retired in May 2017, saved $37,347 toward a pension over 12 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Blair would collect as much as $507,620, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Blair received $10,669 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Blair will have already received $44,636 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.