Former state university employee Rehn paid in $24K to pension fund, could collect $500K in retirement

Former state university employee Helen Rehn, who retired in June 2017, saved $23,563 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Rehn would collect as much as $500,278, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Rehn received $10,515 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Rehn will have already received $32,500 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.