West Central Reporter

Former state university employee Dallas Mowen, who retired in June 2017, saved $138,257 toward a pension over 33 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Mowen would collect as much as $3.18 million, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.

The projection assumes Mowen received $66,821 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Mowen will have already received $206,538 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.