East Central Reporter

Former state university employee Marsha McLain, who retired in May 2018, saved $72,942 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, McLain would collect as much as $1.62 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes McLain received $34,021 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, McLain will have already received $105,156 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.