Chicago City Wire

Former administrator Gladys Simpson, who retired in December 2016, saved $95,806 toward a pension over 10 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Simpson would collect as much as $1.28 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Simpson received $26,889 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Simpson will have already received $112,495 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.