Chicago City Wire

Former state university employee Wilhelmina Franklin, who retired in March 2018, saved $50,597 toward a pension over 20 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Franklin would collect as much as $786,250, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Franklin received $16,526 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Franklin will have already received $51,081 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.