East Central Reporter

Former state university employee Florentina Laribee, who retired in June 2016, saved $42,286 toward a pension over 14 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Laribee would collect as much as $706,654, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Laribee received $14,853 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Laribee will have already received $45,910 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.