McHenry Times

Former state school employee Cheryl Lampinen, who retired in June 2018, saved $200,822 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, Lampinen would collect as much as $3.3 million, according to a projection by Local Government Information Services (LGIS), which publishes McHenry Times.

The projection assumes Lampinen received $69,289 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Lampinen will have already received $214,166 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.