South Central Reporter

Former state university employee Robert Haney, who retired in June 2017, saved $6,008 toward a pension over 13 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Haney would collect as much as $143,987, according to a projection by Local Government Information Services (LGIS), which publishes South Central Reporter.

The projection assumes Haney received $3,026 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Haney will have already received $6,143 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.