Former state university employee Vincent Bruett, who retired in July 2017, saved $2,252 toward a pension over 10 years working for state universities, State Universities Retirement System of Illinois records show.
Over 30 years of retirement, Bruett would collect as much as $19,741, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.
The projection assumes Bruett received $414 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 6 years of retirement, Bruett will have already received $2,677 in retirement benefits, or more than the sum total of the retiree’s contributions to the state pension fund.
