Chicago City Wire

Former state school employee Francis Alexander, who retired in January 2016, saved $101,998 toward a pension over 20 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Alexander would collect as much as $1.9 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Alexander received $40,015 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Alexander will have already received $123,681 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.