Chicago City Wire

Former state university employee Catherine Duffy, who retired in January 2016, saved $35,055 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Duffy would collect as much as $1.93 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Duffy received $40,575 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Duffy will have already received $40,575 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.