East Central Reporter

Former state university employee Jan Hickox, who retired in August 2016, saved $16,361 toward a pension over 7 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Hickox would collect as much as $193,999, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes Hickox received $4,077 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Hickox will have already received $17,056 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.