West Central Reporter

Former state university employee Chris Hicks, who retired in January 2016, saved $47,848 toward a pension over 16 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Hicks would collect as much as $789,179, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.

The projection assumes Hicks received $16,587 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hicks will have already received $51,270 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.