McLean County Times

Former state school employee Phillip Nevels, who retired in May 2016, saved $145,447 toward a pension over 28 years working for public schools, Teachers' Retirement System of the State of Illinois records show.

Over 30 years of retirement, Nevels would collect as much as $3.14 million, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.

The projection assumes Nevels received $66,067 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Nevels will have already received $204,206 in retirement benefits, or more than the sum total of the retiree's contributions to the teachers' pension fund.