West Central Reporter

Former state university employee Donald Myers, who retired in August 2016, saved $39,940 toward a pension over 15 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Myers would collect as much as $723,399, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.

The projection assumes Myers received $15,205 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Myers will have already received $46,997 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.