Chicago City Wire

Former state school employee Ransil Park, who retired in March 2016, saved $160,297 toward a pension over 36 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Park would collect as much as $3.43 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Park received $72,020 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Park will have already received $222,607 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.