Peoria Standard

Former state school employee Annette Rosenbalm, who retired in May 2017, saved $110,799 toward a pension over 26 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Rosenbalm would collect as much as $2.22 million, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.

The projection assumes Rosenbalm received $46,705 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Rosenbalm will have already received $144,360 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.