West Central Reporter

Former state university employee Virginia Denny, who retired in April 2016, saved $46,773 toward a pension over 22 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Denny would collect as much as $835,171, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.

The projection assumes Denny received $17,554 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Denny will have already received $54,258 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.