McHenry Times

Former state school employee Ann Vanderbyl, who retired in May 2016, saved $70,388 toward a pension over 14 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Vanderbyl would collect as much as $1.07 million, according to a projection by Local Government Information Services (LGIS), which publishes McHenry Times.

The projection assumes Vanderbyl received $22,396 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Vanderbyl will have already received $93,697 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.