Peoria Standard

Former state school employee Sandra Sargeant, who retired in May 2018, saved $105,886 toward a pension over 27 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Sargeant would collect as much as $1.66 million, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.

The projection assumes Sargeant received $34,984 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Sargeant will have already received $108,133 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.