East Central Reporter

Former state university employee Steven Conn, who retired in January 2018, saved $86,919 toward a pension over 25 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Conn would collect as much as $2.16 million, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Conn received $45,412 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Conn will have already received $92,186 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.