East Central Reporter

Former state university employee Patti Bailey, who retired in January 2016, saved $62,346 toward a pension over 22 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Bailey would collect as much as $1.35 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Bailey received $28,419 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Bailey will have already received $87,841 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.