South Cook News

Former state school employee Regina Washington, who retired in January 2017, saved $5,467 toward a pension over 5 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Washington would collect as much as $125,753, according to a projection by Local Government Information Services (LGIS), which publishes South Cook News.

The projection assumes Washington received $2,643 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Washington will have already received $8,169 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.