Chicago City Wire

Former state university employee Joyce Hudnall, who retired in January 2018, saved $188,434 toward a pension over 30 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Hudnall would collect as much as $4.87 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Hudnall received $102,298 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Hudnall will have already received $207,665 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.