West Central Reporter

Former state university employee Jeffrey Fritz, who retired in January 2017, saved $27,624 toward a pension over 8 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Fritz would collect as much as $517,616, according to a projection by Local Government Information Services (LGIS), which publishes West Central Reporter.

The projection assumes Fritz received $10,879 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Fritz will have already received $33,625 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.