Chicago City Wire

Former state university employee Phyllis Miller, who retired in January 2016, saved $32,902 toward a pension over 12 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Miller would collect as much as $507,688, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Miller received $10,671 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Miller will have already received $32,983 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.