Chicago City Wire

Former state university employee Leann Ormsby, who retired in March 2019, saved $112,587 toward a pension over 19 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Ormsby would collect as much as $2 million, according to a projection by Local Government Information Services (LGIS), which publishes Chicago City Wire.

The projection assumes Ormsby received $42,048 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Ormsby will have already received $129,965 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.