Former state university employee Sapyta paid in $65K to pension fund, could collect $743K in retirement

Former state university employee Lynn Sapyta, who retired in October 2018, saved $65,425 toward a pension over 5 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Sapyta would collect as much as $742,747, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Sapyta received $15,612 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 5 years of retirement, Sapyta will have already received $82,884 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.