Former state university employee Durian paid in $57K to pension fund, could collect $1.3M in retirement

Former state university employee Peggy Durian, who retired in June 2016, saved $57,381 toward a pension over 26 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Durian would collect as much as $1.3 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Durian received $27,258 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Durian will have already received $84,252 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.