South Central Reporter

Former state university employee Steven Mensing, who retired in January 2019, saved $15,297 toward a pension over 8 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Mensing would collect as much as $320,848, according to a projection by Local Government Information Services (LGIS), which publishes South Central Reporter.

The projection assumes Mensing received $6,744 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Mensing will have already received $20,844 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.