Former state university employee Pulver paid in $12K to pension fund, could collect $275K in retirement

Former state university employee Karen Pulver, who retired in November 2017, saved $12,129 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Pulver would collect as much as $275,450, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Pulver received $5,789 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Pulver will have already received $17,894 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.