McLean County Times

Former state university employee Marc Welch, who retired in January 2018, saved $36,167 toward a pension over 13 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Welch would collect as much as $631,752, according to a projection by Local Government Information Services (LGIS), which publishes McLean County Times.

The projection assumes Welch received $13,278 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Welch will have already received $41,040 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.