East Central Reporter

Former state university employee Tammy Cantwell, who retired in January 2019, saved $64,048 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Cantwell would collect as much as $835,234, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Cantwell received $17,556 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Cantwell will have already received $73,448 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.