Chicago City Wire

Former state school employee Ronald Oglesby, who retired in February 2016, saved $80,271 toward a pension over 15 years working for public schools, Chicago Teachers' Pension Fund records show.

Over 30 years of retirement, Oglesby would collect as much as $1.17 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Oglesby received $24,583 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Oglesby will have already received $102,845 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.