East Central Reporter

Former state university employee Kathryn Morice, who retired in September 2017, saved $108,118 toward a pension over 26 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Morice would collect as much as $1.66 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Morice received $34,796 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Morice will have already received $145,573 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.