Chicago City Wire

Former state university employee Gwendolyn Daniels, who retired in January 2016, saved $53,144 toward a pension over 22 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Daniels would collect as much as $2.04 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Daniels received $42,969 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Daniels will have already received $87,227 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.