Dupage Policy Journal

Former state university employee Mary Newman, who retired in July 2018, saved $62,058 toward a pension over 18 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Newman would collect as much as $2.16 million, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Newman received $45,435 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Newman will have already received $92,233 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.