Chicago City Wire

Former librarian Mary Ellen Conlon, who retired in July 2018, saved $144,140 toward a pension over 32 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Conlon would collect as much as $3.24 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Conlon received $68,156 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Conlon will have already received $210,664 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.