Chicago City Wire

Former state university employee Ellen Olinger, who retired in January 2016, saved $14,082 toward a pension over 6 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Olinger would collect as much as $864,487, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Olinger received $18,170 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 1 years of retirement, Olinger will have already received $18,170 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.