Chicago City Wire

Former state university employee Carolina Garcia, who retired in January 2018, saved $57,178 toward a pension over 22 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Garcia would collect as much as $1.32 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Garcia received $27,714 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Garcia will have already received $85,660 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.