Chicago City Wire

Former state school employee Henry Pera, who retired in November 2016, saved $101,782 toward a pension over 27 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Pera would collect as much as $2.17 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Pera received $45,522 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Pera will have already received $140,705 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.