Chicago City Wire

Former state university employee Marie Augustyn, who retired in January 2017, saved $55,806 toward a pension over 15 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Augustyn would collect as much as $1.45 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Augustyn received $30,513 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Augustyn will have already received $61,941 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.