Kane County Reporter

Former state school employee Fran Schaefle, who retired in September 2017, saved $45,927 toward a pension over 11 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Schaefle would collect as much as $817,370, according to a projection by Local Government Information Services (LGIS), which publishes Kane County Reporter.

The projection assumes Schaefle received $17,180 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Schaefle will have already received $53,101 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.