Macon Reporter

Former state school employee Amy Aumann, who retired in February 2018, saved $49,520 toward a pension over 23 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Aumann would collect as much as $1.38 million, according to a projection by Local Government Information Services (LGIS), which publishes Macon Reporter.

The projection assumes Aumann received $29,082 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Aumann will have already received $59,036 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.