East Central Reporter

Former state university employee Beth Ridgeway, who retired in April 2016, saved $32,851 toward a pension over 16 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Ridgeway would collect as much as $454,971, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Ridgeway received $9,563 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Ridgeway will have already received $40,009 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.