East Central Reporter

Former state university employee William Feltt, who retired in August 2016, saved $36,900 toward a pension over 15 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Feltt would collect as much as $628,920, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Feltt received $13,219 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Feltt will have already received $40,859 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.