Will County Gazette

Former state university employee Lynn Bond, who retired in June 2018, saved $3,061 toward a pension over 2 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Bond would collect as much as $181,787, according to a projection by Local Government Information Services (LGIS), which publishes Will County Gazette.

The projection assumes Bond received $3,821 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Bond will have already received $3,821 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.