Dupage Policy Journal

Former state university employee John Fahey, who retired in April 2018, saved $7,168 toward a pension over 3 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Fahey would collect as much as $66,795, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Fahey received $1,404 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 5 years of retirement, Fahey will have already received $7,453 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.