East Central Reporter

Former state school employee Gregory Irwin, who retired in May 2016, saved $160,577 toward a pension over 32 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Irwin would collect as much as $3.21 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Irwin received $67,559 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Irwin will have already received $208,819 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.