Chicago City Wire

Former state school employee Daphne Francis, who retired in July 2018, saved $71,080 toward a pension over 17 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Francis would collect as much as $1.2 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Francis received $25,298 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Francis will have already received $78,194 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.