Dupage Policy Journal

Former state university employee Lana Hall, who retired in January 2018, saved $50,138 toward a pension over 24 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Hall would collect as much as $1.11 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Hall received $23,279 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hall will have already received $71,952 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.