East Central Reporter

Former state university employee Beverly Cruse, who retired in June 2018, saved $87,184 toward a pension over 23 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Cruse would collect as much as $1.54 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Cruse received $32,304 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Cruse will have already received $99,848 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.