Former state university employee Miller paid in $8K to pension fund, could collect $172K in retirement

Former state university employee Kristine Miller, who retired in November 2016, saved $8,364 toward a pension over 17 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Miller would collect as much as $172,036, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Miller received $3,616 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Miller will have already received $11,176 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.