Chicago City Wire

Former state university employee Wanda Lozada, who retired in December 2018, saved $70,679 toward a pension over 25 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Lozada would collect as much as $1.02 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Lozada received $21,516 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, Lozada will have already received $90,014 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.