East Central Reporter

Former state school employee Kevin Perkins, who retired in May 2018, saved $126,122 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, Perkins would collect as much as $2.5 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Perkins received $52,536 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Perkins will have already received $162,383 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.