Dupage Policy Journal

Former state university employee Loretta Lach, who retired in October 2016, saved $30,713 toward a pension over 15 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Lach would collect as much as $753,937, according to a projection by Local Government Information Services (LGIS), which publishes DuPage Policy Journal.

The projection assumes Lach received $15,847 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Lach will have already received $32,169 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.