McHenry Times

Former state school employee Mary Keating, who retired in May 2016, saved $60,300 toward a pension over 13 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Keating would collect as much as $846,035, according to a projection by Local Government Information Services (LGIS), which publishes McHenry Times.

The projection assumes Keating received $17,783 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Keating will have already received $74,395 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.