Kane County Reporter

Former state university employee Carl Heine, who retired in August 2018, saved $123,200 toward a pension over 28 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Heine would collect as much as $2.61 million, according to a projection by Local Government Information Services (LGIS), which publishes Kane County Reporter.

The projection assumes Heine received $54,857 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Heine will have already received $169,558 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.