West Central Reporter

Former state university employee Gregory Bozard, who retired in May 2018, saved $83,314 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Bozard would collect as much as $1.46 million, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.

The projection assumes Bozard received $30,594 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Bozard will have already received $94,563 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.