Chicago City Wire

Former state university employee Beth McKown, who retired in May 2018, saved $80,820 toward a pension over 31 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, McKown would collect as much as $2.45 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes McKown received $51,474 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, McKown will have already received $104,492 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.