West Central Reporter

Former state university employee Suzanne Litchfield, who retired in January 2019, saved $113,750 toward a pension over 32 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Litchfield would collect as much as $2.21 million, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.

The projection assumes Litchfield received $46,536 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Litchfield will have already received $143,838 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.