Chicago City Wire

Former state school employee Veronica Andrews, who retired in March 2016, saved $59,928 toward a pension over 16 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Andrews would collect as much as $970,331, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Andrews received $20,395 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Andrews will have already received $63,039 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.