Former state university employee Yanan paid in $8K to pension fund, could collect $202K in retirement

Former state university employee Eileen Yanan, who retired in July 2016, saved $8,440 toward a pension over 5 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Yanan would collect as much as $201,643, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Yanan received $4,238 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Yanan will have already received $8,603 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.