Chicago City Wire

Former state university employee Paula Lagioia, who retired in April 2018, saved $113,914 toward a pension over 27 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Lagioia would collect as much as $2.22 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Lagioia received $46,581 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Lagioia will have already received $143,976 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.