East Central Reporter

Former state university employee Lowell Jenkins, who retired in August 2017, saved $36,573 toward a pension over 13 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Jenkins would collect as much as $549,707, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Jenkins received $11,554 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Jenkins will have already received $48,339 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.