East Central Reporter

Former state school employee Magdalen Williams, who retired in May 2018, saved $10,971 toward a pension over 9 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Williams would collect as much as $250,096, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Williams received $5,256 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Williams will have already received $16,246 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.