Macon Reporter

Former state school employee Kari Boyd, who retired in July 2018, saved $144,182 toward a pension over 35 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Boyd would collect as much as $3.11 million, according to a projection by Local Government Information Services (LGIS), which publishes Macon Reporter.

The projection assumes Boyd received $65,430 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Boyd will have already received $202,238 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.