Chicago City Wire

Former state university employee Elizabeth Frank, who retired in January 2016, saved $52,384 toward a pension over 14 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Frank would collect as much as $946,714, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Frank received $19,899 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Frank will have already received $61,506 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.