South Central Reporter

Former state university employee Terry Koch, who retired in April 2018, saved $14,920 toward a pension over 10 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Koch would collect as much as $246,179, according to a projection by Local Government Information Services (LGIS), which publishes South Central Reporter.

The projection assumes Koch received $5,174 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Koch will have already received $15,992 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.