East Central Reporter

Former state university employee Kevin Larkin, who retired in January 2016, saved $93,511 toward a pension over 31 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Larkin would collect as much as $2.19 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Larkin received $46,020 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Larkin will have already received $142,244 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.