West Central Reporter

Former state university employee Timothy Adams, who retired in January 2019, saved $115,091 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Adams would collect as much as $1.98 million, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.

The projection assumes Adams received $41,700 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Adams will have already received $128,891 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.