Dupage Policy Journal

Former state university employee Philip MacDonald, who retired in January 2017, saved $13,737 toward a pension over 14 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, MacDonald would collect as much as $251,574, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes MacDonald received $5,287 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, MacDonald will have already received $16,342 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.