Chicago City Wire

Former state university employee Teri Summers, who retired in March 2016, saved $42,968 toward a pension over 23 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Summers would collect as much as $1.06 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Summers received $22,258 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Summers will have already received $45,184 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.