Chicago City Wire

Former state school employee Glenda Sims, who retired in December 2016, saved $88,044 toward a pension over 17 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Sims would collect as much as $1.54 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Sims received $32,323 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Sims will have already received $99,908 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.