Chicago City Wire

Former state university employee Julie Pioletti, who retired in August 2018, saved $85,175 toward a pension over 34 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Pioletti would collect as much as $2.03 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Pioletti received $42,698 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Pioletti will have already received $86,677 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.