West Central Reporter

Former state university employee Kathleen Chambers, who retired in January 2019, saved $57,732 toward a pension over 27 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Chambers would collect as much as $1.02 million, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.

The projection assumes Chambers received $21,444 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Chambers will have already received $66,281 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.