Former state university employee Brock paid in $32K to pension fund, could collect $556K in retirement

Former state university employee Patricia Brock, who retired in February 2016, saved $32,236 toward a pension over 12 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Brock would collect as much as $556,027, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Brock received $11,687 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Brock will have already received $36,124 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.