Chicago City Wire

Former state university employee Katherine Gil, who retired in March 2016, saved $53,328 toward a pension over 5 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Gil would collect as much as $2.14 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Gil received $45,036 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Gil will have already received $91,423 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.