McHenry Times

Former state school employee Dan Bertrand, who retired in July 2016, saved $303,492 toward a pension over 34 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Bertrand would collect as much as $7.13 million, according to a projection by Local Government Information Services (LGIS), which publishes McHenry Times.

The projection assumes Bertrand received $149,879 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Bertrand will have already received $304,254 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.