Former state university employee MacIntyre paid in $9K to pension fund, could collect $500K in retirement

Former state university employee Louise MacIntyre, who retired in July 2018, saved $8,699 toward a pension over 6 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, MacIntyre would collect as much as $499,541, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes MacIntyre received $10,500 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, MacIntyre will have already received $10,500 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.