South Central Reporter

Former state university employee Theodore Young, who retired in February 2016, saved $1,653 toward a pension over 5 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Young would collect as much as $74,246, according to a projection by Local Government Information Services (LGIS), which publishes South Central Reporter.

The projection assumes Young received $1,560 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Young will have already received $3,167 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.