Chicago City Wire

Former state university employee Jane Nickell, who retired in February 2018, saved $14,530 toward a pension over 9 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Nickell would collect as much as $862,945, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Nickell received $18,138 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Nickell will have already received $18,138 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.