South Central Reporter

Former state university employee Tina Suarez, who retired in November 2016, saved $118,807 toward a pension over 26 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Suarez would collect as much as $3.33 million, according to a projection by Local Government Information Services (LGIS), which publishes South Central Reporter.

The projection assumes Suarez received $70,092 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Suarez will have already received $142,287 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.