Dupage Policy Journal

Former state university employee Glenn Hansen, who retired in June 2018, saved $246,102 toward a pension over 32 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Hansen would collect as much as $5.46 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Hansen received $114,761 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hansen will have already received $354,715 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.