Illinois Valley Times

Former state school employee Craig Williamson, who retired in May 2016, saved $50,058 toward a pension over 10 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Williamson would collect as much as $632,916, according to a projection by Local Government Information Services (LGIS), which publishes Illinois Valley Times.

The projection assumes Williamson received $13,303 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Williamson will have already received $55,654 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.