Chicago City Wire

Former state university employee Beatriz Parra, who retired in February 2016, saved $23,870 toward a pension over 9 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Parra would collect as much as $829,170, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Parra received $17,428 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Parra will have already received $35,379 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.