Chicago City Wire

Former state university employee Deneen Demarie Offenstein, who retired in January 2016, saved $56,222 toward a pension over 21 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Demarie Offenstein would collect as much as $1.09 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Demarie Offenstein received $22,825 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Demarie Offenstein will have already received $70,550 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.