Chicago City Wire

Former state university employee Miriam Mobley Smith, who retired in January 2016, saved $202,413 toward a pension over 21 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Mobley Smith would collect as much as $4.84 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Mobley Smith received $101,734 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Mobley Smith will have already received $206,520 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.