Chicago City Wire

Former state university employee Deidra Washington, who retired in February 2019, saved $84,047 toward a pension over 29 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Washington would collect as much as $1.43 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Washington received $30,156 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Washington will have already received $93,210 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.