South Central Reporter

Former state university employee Agnes Edwards, who retired in March 2018, saved $101,095 toward a pension over 35 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Edwards would collect as much as $1.96 million, according to a projection by Local Government Information Services (LGIS), which publishes South Central Reporter.

The projection assumes Edwards received $41,226 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Edwards will have already received $127,426 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.