West Central Reporter

Former state university employee Julie Dewees, who retired in January 2016, saved $160,492 toward a pension over 31 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Dewees would collect as much as $5.73 million, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.

The projection assumes Dewees received $120,389 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Dewees will have already received $244,390 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.