South Central Reporter

Former state university employee Washington Cisco, who retired in January 2018, saved $12,654 toward a pension over 15 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Cisco would collect as much as $241,492, according to a projection by Local Government Information Services (LGIS), which publishes South Central Reporter.

The projection assumes Cisco received $5,076 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Cisco will have already received $15,689 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.