East Central Reporter

Former state university employee Janice Stevens, who retired in September 2017, saved $26,313 toward a pension over 13 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Stevens would collect as much as $437,513, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Stevens received $9,196 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Stevens will have already received $28,424 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.