Chicago City Wire

Former state university employee Sharon Hahs, who retired in October 2016, saved $623,971 toward a pension over 33 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Hahs would collect as much as $11.8 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Hahs received $248,095 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Hahs will have already received $766,837 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.