Chicago City Wire

Former state university employee Jovita Banks Robinson, who retired in March 2019, saved $146,850 toward a pension over 38 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Banks Robinson would collect as much as $3.27 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Banks Robinson received $68,688 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Banks Robinson will have already received $212,308 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.