Dupage Policy Journal

Former state university employee Carole Toombs, who retired in July 2017, saved $5,997 toward a pension over 4 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Toombs would collect as much as $443,895, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Toombs received $9,330 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Toombs will have already received $9,330 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.