East Central Reporter

Former state university employee John Coffey, who retired in August 2018, saved $142,601 toward a pension over 32 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Coffey would collect as much as $2.69 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Coffey received $56,604 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Coffey will have already received $174,957 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.