East Central Reporter

Former state university employee Alice Holtzhouser, who retired in April 2016, saved $49,909 toward a pension over 17 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Holtzhouser would collect as much as $834,520, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Holtzhouser received $17,541 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Holtzhouser will have already received $54,217 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.