Former state university employee Cathy Kostecki, who retired in July 2017, saved $481 toward a pension over 2 years working for state universities, State Universities Retirement System of Illinois records show.
Over 30 years of retirement, Kostecki would collect as much as $387,558, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.
The projection assumes Kostecki received $8,146 in the first year of retirement, then 3 percent annual increases thereafter, compounded.
After 1 years of retirement, Kostecki will have already received $8,146 in retirement benefits, or more than the sum total of the retiree’s contributions to the state pension fund.
