South Central Reporter

Former state university employee Rhonda Phillips, who retired in September 2018, saved $1,792 toward a pension over 6 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Phillips would collect as much as $26,980, according to a projection by Local Government Information Services (LGIS), which publishes South Central Reporter.

The projection assumes Phillips received $567 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Phillips will have already received $2,373 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.