Peoria Standard

Former state university employee Linda Leifeld, who retired in April 2018, saved $25,074 toward a pension over 13 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Leifeld would collect as much as $392,046, according to a projection by Local Government Information Services (LGIS), which publishes Peoria Standard.

The projection assumes Leifeld received $8,240 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Leifeld will have already received $25,469 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.