East Central Reporter

Former state university employee Fern Kory, who retired in August 2018, saved $154,576 toward a pension over 29 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Kory would collect as much as $3.36 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Kory received $70,633 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Kory will have already received $218,320 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.