West Central Reporter

Former state university employee John Murphy, who retired in March 2017, saved $27,957 toward a pension over 9 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Murphy would collect as much as $955,546, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.

The projection assumes Murphy received $20,084 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Murphy will have already received $40,771 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.