South Central Reporter

Former state university employee Timothy March, who retired in August 2018, saved $186,090 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, March would collect as much as $4.06 million, according to a projection by Local Government Information Services (LGIS), which publishes South Central Reporter.

The projection assumes March received $85,252 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, March will have already received $263,506 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.